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

Orezone Gold (CVE:ORE) had its price target increased by Raymond James from C$1.50 to C$1.65 in a research report released on Tuesday, 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.

Several other brokerages have also recently issued reports on ORE. CIBC dropped their price objective on shares of Orezone Gold from C$2.00 to C$1.50 in a research note on Monday, April 15th. Pi Financial dropped their price target on shares of Orezone Gold from C$1.60 to C$1.50 in a research note on Tuesday, April 2nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of C$1.86.

Orezone Gold Price Performance

Shares of CVE ORE opened at C$1.25 on Tuesday. Orezone Gold has a 12-month low of C$0.87 and a 12-month high of C$1.70. The stock has a market cap of C$404.42 million and a PE ratio of -14.88. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of C$1.25 and a 200 day moving average of C$1.25.

Orezone Gold (CVE:ORE) last announced its quarterly earnings data on Tuesday, March 26th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.02). The company had revenue of C$92.01 million for the quarter. As a group, sell-side analysts predict that Orezone Gold will post 0.13 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Ryan Goodman acquired 100,000 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was purchased at an average price of C$0.84 per share, with a total value of C$83,940.00.

About Orezone Gold

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.