Buy Golden Ocean

Logo for stock GOGL (Golden Ocean)

Amount

£
GBP

Latest price

$9.28
(£1.00 = $1.241)

Number of shares (est.)

0

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Metrics

Market Cap

$1.858B

P/E ratio

7.67

EPS

$1.211

Beta

1.19

Dividend rate

$1.00

Dividend yield

10.76%

About

Golden Ocean Group Limited is a Bermuda-based international dry bulk shipping company. The Company owns and operates a fleet of dry bulk vessels, comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers, along worldwide shipping routes. Its vessels operate in the spot and time charter markets. It owns approximately 83 dry bulk vessels and has construction contracts for three new buildings. In addition, it has eight vessels chartered-in from SFL Corporation Ltd. (SFL) (of which seven are chartered in on finance leases and one is chartered on an operating lease). Approximately 12 of its vessels are chartered-out on fixed rate time charters, 36 of its vessels are chartered out on index-linked-rate time charters and 43 vessels operate in the spot market.

CEO

Mr. Peder Carl Gram Simonsen

Employees

38

Sector

Logistics

Company HQ

HAMILTON, Bermuda

News

Logo for news article #0 (Golden Ocean: A Top-Tier Dry Bulk Operator Focused On The Capesize Market)

Golden Ocean: A Top-Tier Dry Bulk Operator Focused On The Capesize Market

Golden Ocean owns 91 dry bulk vessels with a combined capacity of 13.8 million deadweight tons, one of the industry's largest fleets and second only to Star Bulk. With an average age of 7.7 years, Golden Ocean has one of the youngest fleets in the industry, only behind Himalaya Shipping and its fleet of brand-new Newcastlemax carriers. Given Golden Ocean's size, general and administrative expenses represented only 6.1% of TCE revenues in the first nine months of 2024, which is among the lowest among industry peers.

Seeking Alpha

January 22, 2025

Logo for news article #1 (Tariffs, Trump and China: What 2025 holds for shipping stocks)

Tariffs, Trump and China: What 2025 holds for shipping stocks

The shipping industry enters 2025 with tariffs on the horizon as President-elect Donald Trump prepares to take office.

Market Watch

January 14, 2025

Logo for news article #2 (4 Of 35 Safe-Buy Dividend Power Dogs In January)

4 Of 35 Safe-Buy Dividend Power Dogs In January

Four low-priced Dividend Power stocks, Golden Ocean, Invesco Mortgage, ARMOUR Residential, and FutureFuel, offer safer dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for top Dividend Power stocks, with an average net gain of 79.97% on $10k invested in the top ten.

Seeking Alpha

January 05, 2025

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