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

Shares of OceanaGold Co. (OTCMKTS:OCANF) have been assigned an average rating of “Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation.

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of OceanaGold in a research note on Monday, July 6th.

OceanaGold Price Performance

OTCMKTS OCANF opened at $31.78 on Friday. The stock’s fifty day moving average price is $31.78 and its 200 day moving average price is $33.33. OceanaGold has a 1 year low of $8.79 and a 1 year high of $43.33.

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.