Jefferies Financial Group Upgrades Oceanagold (NYSE:OGC) to “Strong-Buy”

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

Several other brokerages have also issued reports on OGC. Scotiabank upgraded Oceanagold to a “strong-buy” rating in a research note on Thursday, May 14th. Zacks Research upgraded Oceanagold to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings lowered Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Oceanagold currently has an average rating of “Buy”.

Oceanagold Trading Down 4.1%

Shares of OGC opened at $24.01 on Tuesday. Oceanagold has a 1 year low of $13.16 and a 1 year 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.