Oceanagold (NYSE:OGC) Raised to Strong-Buy at Jefferies Financial Group

Oceanagold (NYSE:OGC) was upgraded by equities researchers at Jefferies Financial Group to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on OGC. Zacks Research raised Oceanagold to a “hold” rating in a research report on Wednesday, May 20th. Scotiabank raised Oceanagold to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Oceanagold currently has a consensus rating of “Buy”.

Oceanagold Stock Down 4.1%

OGC stock opened at $24.01 on Tuesday. 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.