Oceanagold (NYSE:OGC) Lowered to “Strong Sell” Rating by Zacks Research

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

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

Oceanagold Stock Performance

OGC stock opened at $24.23 on Tuesday. The stock has a market capitalization of $5.39 billion and a price-to-earnings ratio of 23.99. Oceanagold has a 12 month low of $13.16 and a 12 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.