Orezone Gold (CVE:ORE) PT Raised to C$1.65

Orezone Gold (CVE:ORE) had its price objective boosted by Raymond James from C$1.50 to C$1.65 in a research note published on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for Orezone Gold’s Q1 2024 earnings at $0.05 EPS, 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.

A number of other equities research analysts also recently issued reports on the stock. Pi Financial lowered their target price on shares of Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. CIBC lowered their target price on shares of Orezone Gold from C$2.00 to C$1.50 in a report on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Orezone Gold currently has a consensus rating of Buy and a consensus target price of C$1.86.

Orezone Gold Price Performance

Orezone Gold stock opened at C$1.25 on Tuesday. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70. The firm has a 50 day moving average price of C$1.25 and a 200 day moving average price of C$1.25. The company has a market cap of C$404.42 million and a price-to-earnings ratio of -14.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.30 and a current ratio of 2.56.

Orezone Gold (CVE:ORE) last released its earnings results on Tuesday, March 26th. The company reported C$0.05 earnings per share (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 for the quarter. Sell-side analysts predict that Orezone Gold will post 0.13 earnings per share for the current year.

Insider Transactions at Orezone Gold

In other Orezone Gold news, Senior Officer Ryan Goodman acquired 100,000 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was bought at an average price of C$0.84 per share, with a total value of C$83,940.00.

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.