TD Securities restated their buy rating on shares of Africa Oil Corp. (OTCMKTS:AOIFF) in a report issued on Friday. The firm currently has a $3.50 price target on the stock.

Several other equities analysts have also recently issued reports on AOIFF. Zacks Investment Research upgraded Africa Oil Corp. from a hold rating to a buy rating and set a $1.75 price target on the stock in a research report on Tuesday, November 1st. Scotiabank restated a sector perform rating and issued a $3.00 price target on shares of Africa Oil Corp. in a research report on Tuesday, August 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Africa Oil Corp. currently has a consensus rating of Buy and a consensus target price of $2.74.

Shares of Africa Oil Corp. (OTCMKTS:AOIFF) traded up 3.3688% during trading on Friday, reaching $1.4575. The company’s stock had a trading volume of 9,564 shares. The company has a 50 day moving average price of $1.57 and a 200 day moving average price of $1.51. The firm’s market capitalization is $665.23 million. Africa Oil Corp. has a 52 week low of $1.08 and a 52 week high of $1.80.

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