Analysts Set OceanaGold Corp (OTCMKTS:OCANF) Target Price at $5.25

OceanaGold Corp (OTCMKTS:OCANF) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $5.25.

A number of analysts have recently issued reports on OCANF shares. BMO Capital Markets upgraded OceanaGold from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 11th. Raymond James reiterated a “buy” rating and set a $5.50 price target on shares of OceanaGold in a research report on Wednesday, September 25th. Barclays set a $5.00 price target on OceanaGold and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, CIBC downgraded OceanaGold from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 21st.

Shares of OCANF traded down $0.05 during trading hours on Friday, reaching $1.75. 17,277 shares of the company’s stock traded hands, compared to its average volume of 63,065. The firm’s 50 day simple moving average is $2.11 and its 200-day simple moving average is $2.53. OceanaGold has a 12 month low of $1.68 and a 12 month high of $3.74.

OceanaGold Company Profile

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

Recommended Story: Hedge Funds Explained

Analyst Recommendations for OceanaGold (OTCMKTS:OCANF)

Receive News & Ratings for OceanaGold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold and related companies with MarketBeat.com's FREE daily email newsletter.