Orezone Gold Corp (ORE) Earns Speculative Buy Rating from Paradigm Capital
Orezone Gold Corp (TSE:ORE)‘s stock had its “speculative buy” rating restated by stock analysts at Paradigm Capital in a report issued on Thursday. They presently have a C$0.95 price objective on the stock. Paradigm Capital’s price objective would indicate a potential upside of 258.49% from the company’s previous close.
A number of other brokerages also recently weighed in on ORE. National Bank Financial raised shares of Orezone Gold Corp from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 9th. CIBC decreased their target price on shares of Orezone Gold Corp from C$1.05 to C$0.85 in a research note on Friday, September 9th. Raymond James Financial Inc. decreased their target price on shares of Orezone Gold Corp from C$1.90 to C$1.10 and set an “outperform” rating for the company in a research note on Tuesday, August 23rd. Finally, BMO Capital Markets decreased their target price on shares of Orezone Gold Corp from C$1.75 to C$0.75 and set a “market perform” rating for the company in a research note on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$0.97.
About Orezone Gold Corp
Orezone Gold Corporation is a Canada-based development-stage company. The Company is engaged in the exploration and development of gold properties in Burkina Faso, West Africa. The Company operates through the acquisition, exploration and potential development of precious metal properties segment. The Company has over two advanced-stage exploration gold projects in Burkina Faso: Bombore and Bondi.
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