OceanaGold (OTCMKTS:OCANF) Price Target Raised to C$4.00 at Scotiabank

OceanaGold (OTCMKTS:OCANFGet Rating) had its target price hoisted by Scotiabank from C$3.75 to C$4.00 in a research note issued on Tuesday, The Fly reports.

OCANF has been the topic of several other reports. National Bank Financial decreased their target price on shares of OceanaGold from C$3.25 to C$3.00 in a research note on Friday, February 4th. BMO Capital Markets decreased their target price on shares of OceanaGold from C$3.40 to C$3.25 in a research note on Monday, April 4th. Royal Bank of Canada lifted their price target on shares of OceanaGold from C$2.50 to C$2.75 in a report on Thursday, February 24th. Finally, Raymond James cut their price target on shares of OceanaGold from C$3.50 to C$3.00 in a report on Thursday, February 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $3.11.

Shares of OCANF stock traded up $0.02 during trading hours on Tuesday, hitting $2.64. 134,512 shares of the company’s stock were exchanged, compared to its average volume of 60,554. OceanaGold has a 12-month low of $1.39 and a 12-month high of $2.70. The business’s 50 day simple moving average is $2.11 and its 200-day simple moving average is $1.89.

About OceanaGold (Get Rating)

OceanaGold Corp. is a multinational gold producer with a portfolio of operating, development and exploration assets. The firm operates through Philippines, New Zealand and the United States geographical segments. It holds interest in Haile Gold Mine, Didipio, Macraes and Waihi projects. OceanaGold was founded in 1989 and is headquartered in South Brisbane, Australia.

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