OceanaGold (OTCMKTS:OCANF) was downgraded by equities researchers at Macquarie from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday, The Fly reports.
A number of other equities analysts have also weighed in on the company. Raymond James reduced their price objective on OceanaGold from $3.75 to $3.50 and set an “outperform” rating for the company in a research note on Friday, January 15th. Stifel Nicolaus dropped their target price on OceanaGold from $5.50 to $4.50 and set a “buy” rating on the stock in a research report on Monday, February 8th. JPMorgan Chase & Co. cut OceanaGold from an “overweight” rating to a “neutral” rating in a research report on Friday, February 19th. National Bank Financial dropped their target price on OceanaGold and set an “outperform” rating on the stock in a research report on Tuesday, February 2nd. Finally, Scotiabank dropped their target price on OceanaGold from $5.00 to $4.75 and set an “outperform” rating on the stock in a research report on Tuesday, April 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. OceanaGold has an average rating of “Buy” and a consensus target price of $4.06.
OTCMKTS OCANF opened at $1.72 on Monday. The stock has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $1.63. OceanaGold has a fifty-two week low of $1.22 and a fifty-two week high of $2.99.
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, silver, and other minerals. 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; 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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