Raymond James Predicts Orezone Gold’s Q4 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Equities researchers at Raymond James lifted their Q4 2024 EPS estimates for Orezone Gold in a research note issued to investors on Monday, January 6th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $0.07 per share for the quarter, up from their prior forecast of $0.06. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

Orezone Gold Price Performance

CVE ORE opened at C$1.25 on Wednesday. Orezone Gold has a 1-year low of C$0.87 and a 1-year high of C$1.70. The company has a market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88. The stock’s 50 day moving average is C$1.25 and its two-hundred day moving average is C$1.25. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21.

Insider Activity at Orezone Gold

In other news, Director T. Sean Harvey bought 56,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of C$0.71 per share, for a total transaction of C$40,284.50. Also, Director Patrick Downey purchased 166,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of C$0.60 per share, for a total transaction of C$99,849.00. Insiders have purchased a total of 261,500 shares of company stock valued at $164,094 in the last 90 days.

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.