Orezone Gold Corp Given Sector Perform Rating at RBC Capital (ORE)
Orezone Gold Corp (TSE:ORE)‘s stock had its “sector perform” rating reaffirmed by RBC Capital in a research note issued on Thursday, AnalystRatings.Net reports. They currently have a C$0.72 price objective on the stock, down from their previous price objective of C$0.80. RBC Capital’s target price would indicate a potential upside of 16.13% from the company’s current price.
Orezone Gold Corp (TSE:ORE) traded down 1.61% on Thursday, hitting $0.61. The stock had a trading volume of 23,720 shares. Orezone Gold Corp has a 52 week low of $0.32 and a 52 week high of $1.64. The stock’s 50-day moving average is $0.61 and its 200-day moving average is $0.50. The company’s market cap is $52.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Desjardins raised their price target on shares of Orezone Gold Corp from C$1.15 to C$1.25 in a research note on Thursday, January 23rd. They now have a “buy” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Orezone Gold Corp from C$0.70 to C$0.80 in a research note on Thursday, January 23rd. Finally, analysts at Canaccord Genuity reiterated a “focus list” rating on shares of Orezone Gold Corp in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$1.47.
Orezone Gold Corporation (TSE:ORE) is an exploration-stage company.
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