Oceanagold Corp. (OCANF) - OTCPK - Current
  • Yesterday, 8:55 AM
    | Yesterday, 8:55 AM
  • Thu, May 12, 7:19 PM
    • BMO Capital becomes more bullish on precious metals, as it upgrades six gold and silver stocks including five to buy ratings.
    • The 20% YTD rise in gold and silver prices should continue over the medium term, the firm says, lending to price targets of $1,400/oz. for gold and $22.50/oz. for silver by the end of Q1 2017.
    • BMO upgrades Yamana Gold (NYSE:AUY), Silver Wheaton (NYSE:SLW), Coeur Mining (NYSE:CDE), Pan American Silver (NASDAQ:PAAS) and Detour Gold (OTCPK:DRGDF) to Outperform from Market Perform, and hikes Oceana Gold (OTCPK:OCANF) to Market Perform from Underperform; price targets are $5.50 for AUY (raised from $1), $24 for SLW (jumping from $4.50), $11 for CDE (up from $3), and $19 for PAAS (from $7.50).
    • However, the firm downgrades Agnico-Eagle Mines (NYSE:AEM), Franco-Nevada (NYSE:FNV) and Fortuna Silver (NYSE:FSM) to Market Perform from Outperform, saying their stocks already have factored in higher gold and silver prices.
    | Thu, May 12, 7:19 PM | 12 Comments
  • Thu, Apr. 28, 8:52 AM
    | Thu, Apr. 28, 8:52 AM | 2 Comments
  • Thu, Feb. 18, 8:50 AM
    | Thu, Feb. 18, 8:50 AM
  • Jun. 5, 2015, 2:23 PM
    • Newmont Mining (NEM -3.7%) agrees to sell its Waihi operations in New Zealand to OceanaGold (OTCPK:OCANF) for $101M, in a deal NEM says strengthens its balance sheet and gives it more financial flexibility.
    • The deal also includes a $5M contingent payment and a 1% net smelter royalty on a recent discovery north of Waihi’s current operations.
    • NEM shares are lower amid a broader selloff in mining stocks.
    | Jun. 5, 2015, 2:23 PM | 2 Comments
  • Apr. 29, 2015, 5:56 PM
    • Newmont Mining (NYSE:NEM) agrees to sell its Waihi gold mining operation in New Zealand to OceanaGold (OTCPK:OCANF) for ~$106M plus a 1% net smelter royalty on a recent discovery near the mine.
    • NEM says OceanaGold will acquire all of Waihi's open pit and underground mining assets and liabilities, including all social, environmental and employee obligations.
    • The Waihi mine produced 132K oz. of gold in 2014.
    | Apr. 29, 2015, 5:56 PM | 3 Comments
  • Aug. 13, 2014, 12:28 PM
    • Austerity moves clearly have helped gold miners navigate through the lower price environment, but Citigroup analysts warn that further belt-tightening will be difficult, and may even hurt long-term prospects.
    • Citi cautions that the slowdown in capex invariably will result in a fall in production, which in turn will lead to a faster rise in unit costs; also, the recent increase in head grades across the global mining space is an unsustainable mining practice that can have further detrimental effects on future mine plans and ore bodies.
    • Among miners Citi sees as most vulnerable to a low gold price environment are Sibanye Gold (NYSE:SBGL), Harmony Gold (NYSE:HMY) and DRDGOLD (NYSE:DRD), which the least vulnerable are Goldcorp (NYSE:GG), Barrick Gold (NYSE:ABX), Yamana (NYSE:AUY), Medusa Mining (OTC:MDSMF) and OceanaGold (OTCPK:OCANF).
    • ETFs: GDX, NUGT, DUST, GLDX, RING, GGGG, PSAU
    | Aug. 13, 2014, 12:28 PM | 8 Comments
Company Description
Currently, there's no company description for OCANF.
Industry: Gold
Country: Australia