JPMorgan Chase & Co. Initiates Coverage on OceanaGold (OTCMKTS:OCANF)

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Analysts at JPMorgan Chase & Co. began coverage on shares of OceanaGold (OTCMKTS:OCANF) in a research report issued on Friday, The Fly reports. The brokerage set an “overweight” rating on the stock.

A number of other brokerages have also commented on OCANF. CIBC lifted their price target on shares of OceanaGold from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Stifel Nicolaus lifted their price target on shares of OceanaGold from $4.25 to $5.50 and gave the stock a “buy” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $4.15.

Shares of OCANF stock opened at $2.63 on Friday. The company has a 50 day moving average price of $2.36 and a 200-day moving average price of $1.83. OceanaGold has a 52 week low of $0.80 and a 52 week high of $2.99.

About OceanaGold

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.

Read More: Gross Domestic Product (GDP)

The Fly

Analyst Recommendations for OceanaGold (OTCMKTS:OCANF)

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