OceanaGold Corporation (OCANF)
ValueMarkers Composite Index
3174% above intrinsic value ($1)
OceanaGold Corporation (OCANF) — VMCI valuation read
Headline read on OCANF: VMCI of 66/100 versus a Basic Materials sector median of 50. The 16-point above-median position is what makes OceanaGold Corporation a relative-value candidate in the mid-cap cohort, before any pillar-level review.
Form 4 filings on OCANF: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.
**Investor frame.** Three reads on OCANF: value (OCANF trades at 15.0x earnings, 17% below the Basic Materials median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Basic Materials median (10.0%)), and risk (net debt to EBITDA of 1.2x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Basic Materials 12.0x baseline.
OCANF fell 4.0% over the trailing 7 days, with a -0.2% read on a 30-day basis.
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia.
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