National Bank Financial Upgrades Orezone Gold Corp to Outperform (ORE)
Orezone Gold Corp (TSE:ORE) was upgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a C$1.00 price target on the stock, down from their previous price target of C$1.15. National Bank Financial’s target price points to a potential upside of 75.44% from the company’s current price.
A number of other firms have also recently commented on ORE. Analysts at CIBC cut their price target on shares of Orezone Gold Corp from C$2.00 to C$0.70 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$1.51.
Shares of Orezone Gold Corp (TSE:ORE) traded up 1.79% during mid-day trading on Monday, hitting $0.57. 292,714 shares of the company’s stock traded hands. Orezone Gold Corp has a 1-year low of $0.32 and a 1-year high of $1.98. The stock’s 50-day moving average is $0.42 and its 200-day moving average is $0.51. The company’s market cap is $48.8 million.
Orezone Gold Corporation (TSE:ORE) is an exploration-stage company.
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