OceanaGold Co. (OTCMKTS:OCANF) Receives Consensus Recommendation of “Buy” from Brokerages

OceanaGold Co. (OTCMKTS:OCANF) has earned an average recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating.

A number of research analysts have commented on the stock. Raymond James Financial reiterated an “outperform” rating on shares of OceanaGold in a research note on Friday, October 10th. Scotiabank restated an “outperform” rating on shares of OceanaGold in a research note on Monday, January 26th. CIBC reiterated an “outperform” rating on shares of OceanaGold in a research note on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating on shares of OceanaGold in a report on Sunday, December 7th.

OceanaGold Trading Down 9.5%

OceanaGold stock opened at $32.26 on Friday. OceanaGold has a 52 week low of $7.32 and a 52 week high of $39.59. The stock has a 50 day moving average of $30.38 and a 200-day moving average of $23.71.

About OceanaGold

OceanaGold Corporation is an international gold and copper producer headquartered in Melbourne, Australia. The company focuses on the exploration, development and operation of open pit and underground mines across the Asia–Pacific and North America regions. Its core operations include the Didipio mine in the Philippines, the Macraes and Waihi gold mines in New Zealand and the Haile gold mine in South Carolina, United States. OceanaGold’s portfolio spans proven reserves, near‐mine development projects and exploration tenements, providing a balanced mix of production and growth assets.

Founded in 2005 as a spin-off from Placer Dome, OceanaGold has grown through strategic acquisitions and organic development.