Orezone Gold Corp Price Target Cut to C$0.70 by Analysts at CIBC (ORE)
CIBC reduced their target price on shares of Orezone Gold Corp (TSE:ORE) from C$2.00 to C$0.70 in a research note issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a “sector perform” rating on the stock. CIBC’s target price points to a potential upside of 34.62% from the company’s current price.
Orezone Gold Corp (TSE:ORE) traded up 1.96% on Thursday, hitting $0.52. 317,570 shares of the company’s stock traded hands. Orezone Gold Corp has a 52 week low of $0.32 and a 52 week high of $1.98. The stock has a 50-day moving average of $0.41 and a 200-day moving average of $0.51. The company’s market cap is $44.6 million.
Separately, analysts at Canaccord Genuity raised their price target on shares of Orezone Gold Corp from C$0.85 to C$1.20 in a research note to investors on Thursday. They now have a “speculative buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Orezone Gold Corp has an average rating of “Buy” and an average price target of C$1.60.
Orezone Gold Corporation (TSE:ORE) is an exploration-stage company.
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