OceanaGold Co. (OTCMKTS:OCANF) Given Consensus Rating of “Buy” by Analysts

Shares of OceanaGold Co. (OTCMKTS:OCANF) have received a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation.

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of OceanaGold in a research note on Sunday, December 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of OceanaGold in a research report on Friday, October 10th. Finally, Scotiabank reiterated an “outperform” rating on shares of OceanaGold in a report on Thursday, October 23rd.

OceanaGold Price Performance

Shares of OCANF opened at $30.34 on Wednesday. The company’s 50-day simple moving average is $26.28 and its 200-day simple moving average is $20.95. OceanaGold has a 1 year low of $7.32 and a 1 year high of $31.39.

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.