Royal Bank of Canada reiterated their buy rating on shares of OceanaGold (OTCMKTS:OCANF) in a research report released on Friday, Stock Target Advisor reports.
A number of other equities analysts also recently weighed in on the company. Macquarie downgraded OceanaGold to a hold rating and set a $2.50 price target for the company. in a research report on Thursday, December 12th. CIBC downgraded OceanaGold from an outperform rating to a neutral rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $4.33.
Shares of OCANF opened at $1.88 on Friday. The stock has a 50 day simple moving average of $1.90 and a 200 day simple moving average of $2.18. OceanaGold has a 52-week low of $1.61 and a 52-week high of $3.48.
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.
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