Raymond James Boosts OceanaGold (OTCMKTS:OCANF) Price Target to C$4.50

OceanaGold (OTCMKTS:OCANFGet Rating) had its price target upped by Raymond James from C$3.25 to C$4.50 in a research note issued to investors on Wednesday, The Fly reports.

Several other research firms have also recently weighed in on OCANF. Scotiabank raised their target price on shares of OceanaGold from C$3.75 to C$4.00 in a research note on Tuesday. BMO Capital Markets cut their target price on shares of OceanaGold from C$3.40 to C$3.25 in a research note on Monday, April 4th. National Bank Financial lowered their price objective on shares of OceanaGold from C$3.25 to C$3.00 in a research report on Friday, February 4th. Finally, Royal Bank of Canada increased their price objective on shares of OceanaGold from C$2.50 to C$2.75 in a research report on Thursday, February 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $3.48.

OCANF opened at $2.47 on Wednesday. The company has a fifty day moving average of $2.19 and a 200 day moving average of $1.91. OceanaGold has a fifty-two week low of $1.39 and a fifty-two week high of $2.70.

About OceanaGold (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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