Oceanic Iron Ore (CVE:FEO – Get Free Report) received a C$1.50 price objective from research analysts at Canaccord Genuity Group in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 97.37% from the stock’s current price.
Separately, National Bank Financial set a C$1.70 price target on shares of Oceanic Iron Ore and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Oceanic Iron Ore currently has an average rating of “Buy” and a consensus price target of C$1.73.
Oceanic Iron Ore Trading Down 1.3%
About Oceanic Iron Ore
Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Quebec, Canada. It holds a 100% interest in the Ungava Bay iron property comprising three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake, which covers an area of approximately 35,999 hectares of iron formation located in Nunavik, Quebec. The company was formerly known as Pacific Harbour Capital Ltd. and changed its name to Oceanic Iron Ore Corp. in November 2010. Oceanic Iron Ore Corp.
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