Oceanagold (NYSE:OGC) Stock Rating Lowered by Zacks Research

Oceanagold (NYSE:OGC) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on OGC. Jefferies Financial Group upgraded shares of Oceanagold to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings lowered Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, Scotiabank upgraded Oceanagold to a “strong-buy” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Oceanagold presently has an average rating of “Buy”.

Oceanagold Stock Down 1.4%

Shares of OGC stock opened at $24.23 on Tuesday. The firm has a market capitalization of $5.39 billion and a PE ratio of 23.99. Oceanagold has a twelve month low of $13.16 and a twelve month high of $43.33.

OceanaGold Corporation is a gold and copper mining company that explores for, develops, and operates precious metals projects. The company’s portfolio includes producing mines and development assets, with a focus on the extraction and processing of gold and copper from its owned and operated operations.

Founded in 1989, OceanaGold has built a business centered on long-life mineral assets and responsible mining practices. Its operations have historically been located in the Asia-Pacific region, including New Zealand, the Philippines, and the United States, giving it exposure to several established mining jurisdictions.

The company is headquartered in Vancouver, Canada.