Orezone Gold (CVE:ORE) Given New C$1.35 Price Target at Pi Financial

Orezone Gold (CVE:ORE) had its price target raised by Pi Financial from C$1.15 to C$1.35 in a report published on Wednesday, BayStreet.CA reports.

Separately, Raymond James set a C$1.00 price target on shares of Orezone Gold and gave the company an outperform rating in a report on Friday, June 28th.

Shares of CVE ORE opened at C$0.74 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 12.55 and a current ratio of 13.11. The company has a market cap of $157.11 million and a P/E ratio of -9.74. The company has a fifty day moving average of C$0.62. Orezone Gold has a 52-week low of C$0.39 and a 52-week high of C$0.74.

Orezone Gold (CVE:ORE) last announced its quarterly earnings results on Friday, May 24th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). As a group, equities analysts anticipate that Orezone Gold will post -0.04 earnings per share for the current fiscal year.

In related news, Director Patrick Downey purchased 462,000 shares of Orezone Gold stock in a transaction on Friday, June 14th. The shares were bought at an average cost of C$0.48 per share, for a total transaction of C$221,760.00. Following the acquisition, the director now owns 3,790,000 shares in the company, valued at approximately C$1,819,200. Over the last quarter, insiders acquired 645,500 shares of company stock worth $317,890.

About Orezone Gold

Orezone Gold Corporation engages in the investigation, acquisition, exploration, development, and operation of resource projects. Its principal property is the Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Ottawa, Canada. Orezone Gold Corporation(TSXV:ORE) operates independently of IAMGOLD Burkina Faso Inc as of February 25, 2009.

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