OceanaGold (OTCMKTS:OCANF) Trading Up 2.8% – Here’s Why

OceanaGold Co. (OTCMKTS:OCANF) was up 2.8% during trading on Tuesday . The company traded as high as $26.9250 and last traded at $26.83. Approximately 12,289 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 42,499 shares. The stock had previously closed at $26.1075.

Analyst Ratings Changes

A number of equities analysts have issued reports on OCANF shares. Scotiabank restated an “outperform” rating on shares of OceanaGold in a research report on Thursday, October 23rd. Jefferies Financial Group reissued a “buy” rating on shares of OceanaGold in a research note on Sunday. Finally, Raymond James Financial restated an “outperform” rating on shares of OceanaGold in a research report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

OceanaGold Price Performance

The stock has a 50-day moving average price of $23.80 and a 200 day moving average price of $17.32.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.