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

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

Separately, Jefferies Financial Group restated a “buy” rating on shares of OceanaGold in a research note on Monday.

OceanaGold Price Performance

Shares of OTCMKTS OCANF remained flat at $31.78 during midday trading on Monday. The stock’s 50-day moving average price is $31.78 and its two-hundred day moving average price is $32.94. OceanaGold has a 52 week low of $8.79 and a 52 week 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.