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Research analysts at National Bank Financial initiated coverage on shares of Orezone Gold Corp (TSE:ORE) in a report released on Wednesday. The firm set an “outperform” rating and a C$1.30 price target on the stock. National Bank Financial’s target price suggests a potential upside of 51.16% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Orezone Gold Corp from C$0.80 to C$1.10 in a research note on Monday, July 14th. They now have a “sector perform” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Orezone Gold Corp from C$1.15 to C$1.05 in a research note on Friday, July 11th. They now have a “speculative buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Orezone Gold Corp from C$0.72 to C$1.00 in a research note on Monday, July 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$1.19.

Orezone Gold Corp (TSE:ORE) opened at 0.86 on Wednesday. Orezone Gold Corp has a 52 week low of $0.33 and a 52 week high of $0.93. The stock has a 50-day moving average of $0.86 and a 200-day moving average of $0.69. The company’s market cap is $82.3 million.

Orezone Gold Corp (TSE:ORE) last announced its earnings results on Monday, June 23rd. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.02. On average, analysts predict that Orezone Gold Corp will post $-0.09 earnings per share for the current fiscal year.

Orezone Gold Corporation (TSE:ORE) is an exploration-stage company.

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