Canaccord Genuity Increases Orezone Gold Corp Price Target to C$0.80 (ORE)
Equities researchers at Canaccord Genuity boosted their target price on shares of Orezone Gold Corp (TSE:ORE) from C$0.65 to C$0.80 in a research report issued on Monday, AnalystRatings.NET reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 23.08% from the stock’s previous close.
Shares of Orezone Gold Corp (TSE:ORE) traded up 6.56% during mid-day trading on Monday, hitting $0.65. The stock had a trading volume of 149,500 shares. Orezone Gold Corp has a one year low of $0.32 and a one year high of $1.83. The stock has a 50-day moving average of $0.49 and a 200-day moving average of $0.46. The company’s market cap is $55.7 million.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial upgraded shares of Orezone Gold Corp from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday, November 4th. They now have a C$1.00 price target on the stock, down previously from C$1.15. 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, October 31st. They now have a “sector perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Orezone Gold Corp currently has an average rating of “Buy” and an average price target of C$1.46.
Orezone Gold Corporation (TSE:ORE) is an exploration-stage company.
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