Barclays Raises OceanaGold (OTCMKTS:OCANF) Price Target to C$3.50

OceanaGold (OTCMKTS:OCANFGet Rating) had its target price increased by analysts at Barclays from C$2.50 to C$3.50 in a report released on Thursday, The Fly reports.

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

Shares of OTCMKTS OCANF opened at $2.64 on Thursday. OceanaGold has a 12 month low of $1.39 and a 12 month high of $2.70. The stock has a 50 day moving average of $2.15 and a 200-day moving average of $1.90.

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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