Africa Oil Corp (AOIFF)

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Africa Oil Corp. (TSE:AOI) had its price target raised by BMO Capital Markets from C$2.50 to C$3.00 in a note issued to investors on Tuesday. BMO Capital Markets’ target price indicates a potential upside of 7.14% from the stock’s current price.

A number of other analysts have also issued reports on AOI. Scotiabank reissued a “sector perform” rating and issued a C$3.00 price target on shares of Africa Oil Corp. in a research report on Tuesday, November 15th. Dundee Securities increased their price objective on Africa Oil Corp. from C$3.25 to C$3.50 and gave the stock a “buy” rating in a report on Wednesday, October 12th. Macquarie increased their price objective on Africa Oil Corp. from C$3.23 to C$3.24 in a report on Thursday, January 5th. Finally, TD Securities restated a “speculative buy” rating and issued a C$3.50 price objective on shares of Africa Oil Corp. in a report on Wednesday, November 16th.

Shares of Africa Oil Corp. (TSE:AOI) opened at 2.80 on Tuesday. The firm’s market capitalization is $1.28 billion. The company has a 50-day moving average of $2.18 and a 200 day moving average of $2.02. Africa Oil Corp. has a 12-month low of $1.53 and a 12-month high of $2.81.