Drewry Financial Keeps a Buy Rating on Golden Ocean Group Limited (GOGL)

By Ryan Adsit

Drewry Financial analyst Kanikka Sachdeva maintained a Buy rating on Golden Ocean Group Limited (GOGLResearch Report) yesterday and set a price target of $6.20. The company’s shares closed yesterday at $4.82, close to its 52-week low of $4.33.

The word on The Street in general, suggests a Hold analyst consensus rating for Golden Ocean Group Limited.

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Based on Golden Ocean Group Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.47 million. In comparison, last year the company had a net profit of $16.68 million.

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