Golden Ocean Group Limited Receives a Buy from Jefferies

By George MacDonald

Jefferies analyst Douglas Mavrinac reiterated a Buy rating on Golden Ocean Group Limited (NASDAQ: GOGL) today. The company’s shares closed last Friday at $3.53, close to its 52-week low of $2.55.

According to TipRanks.com, Mavrinac is a 1-star analyst with an average return of -0.5% and a 55.2% success rate. Mavrinac covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Ship Finance International, and Diana Containerships Inc.

Golden Ocean Group Limited has an analyst consensus of Moderate Buy

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The company has a one year high of $16.05 and a one year low of $2.55. Currently, Golden Ocean Group Limited has an average volume of 66.14k.

Golden Ocean Group Ltd. is engaged in the management and operation of dry bulk shipping services. Its fleet includes bareboat, chartered, and commercial management vessels. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.