Raymond James Comments on Orezone Gold Co.’s Q1 2024 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Equities researchers at Raymond James upped their Q1 2024 earnings per share estimates for shares of Orezone Gold in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.05 for the quarter, up from their previous estimate of $0.04. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Orezone Gold’s Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.22 EPS.

Several other research analysts have also weighed in on the company. Pi Financial reduced their target price on Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. CIBC reduced their price objective on Orezone Gold from C$2.00 to C$1.50 in a research report on Monday, April 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Orezone Gold has a consensus rating of “Buy” and an average target price of C$1.86.

Orezone Gold Price Performance

Shares of Orezone Gold stock opened at C$1.25 on Friday. The business has a fifty day simple moving average of C$1.25 and a 200 day simple moving average of C$1.25. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21. The stock has a market cap of C$404.42 million and a PE ratio of -14.88. Orezone Gold has a 12 month low of C$0.87 and a 12 month high of C$1.70.

Orezone Gold (CVE:ORE) last announced its quarterly earnings data on Tuesday, March 26th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The company had revenue of C$92.01 million during the quarter.

Orezone Gold Company Profile

Orezone Gold Corporation engages in the acquisition, exploration, and development of resource properties. Its flagship property is the 90%-owned Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.