OceanaGold (OTCMKTS:OCANF) PT Raised to C$3.50 at Barclays

OceanaGold (OTCMKTS:OCANF – Get Rating) had its price objective hoisted by investment analysts at Barclays from C$2.50 to C$3.50 in a note issued to investors on Thursday, The Fly reports.

OCANF has been the topic of several other reports. Scotiabank raised their target price on shares of OceanaGold from C$3.75 to C$4.00 in a report on Tuesday. Royal Bank of Canada lifted their price objective on shares of OceanaGold from C$2.50 to C$2.75 in a report on Thursday, February 24th. National Bank Financial lifted their price objective on shares of OceanaGold from C$3.50 to C$4.00 in a report on Wednesday. BMO Capital Markets lowered their price objective on shares of OceanaGold from C$3.40 to C$3.25 in a report on Monday, April 4th. Finally, Raymond James lifted their price objective on shares of OceanaGold from C$3.25 to C$4.50 in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, OceanaGold currently has an average rating of “Buy” and an average price target of $3.48.

Shares of OCANF stock opened at $2.47 on Thursday. The company’s 50 day moving average price is $2.19 and its two-hundred day moving average price is $1.91. OceanaGold has a 52 week low of $1.39 and a 52 week high of $2.70.

OceanaGold Company Profile (Get Rating)

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.

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