Zacks Research Upgrades Oceanagold (NYSE:OGC) to Hold

Oceanagold (NYSE:OGC) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

OGC has been the subject of a number of other research reports. Weiss Ratings began coverage on Oceanagold in a research report on Wednesday. They issued a “buy (b)” rating for the company. Scotiabank raised Oceanagold to a “strong-buy” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Oceanagold Trading Down 2.3%

Shares of OGC opened at $29.45 on Wednesday. Oceanagold has a fifty-two week low of $12.60 and a fifty-two week 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.