Orezone Gold Corp (TSE:ORE) Receives Consensus Rating of “Hold” from Brokerages
Orezone Gold Corp (TSE:ORE) has earned an average recommendation of “Buy” from the eight brokerages that are covering the stock. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$0.97.
A number of research analysts have weighed in on the stock. CIBC raised shares of Orezone Gold Corp from an “underperform” rating to a “sector perform” rating in a research note on Monday, June 27th. Raymond James Financial Inc. dropped their price objective on shares of Orezone Gold Corp from C$1.90 to C$1.10 and set an “outperform” rating on the stock in a research note on Tuesday, August 23rd. BMO Capital Markets dropped their price objective on shares of Orezone Gold Corp from C$1.75 to C$0.75 and set a “market perform” rating on the stock in a research note on Tuesday, August 23rd. 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. Finally, Paradigm Capital reissued a “speculative buy” rating and set a C$0.95 price target on shares of Orezone Gold Corp in a research report on Thursday, September 22nd.
Orezone Gold Corp Company Profile
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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