Orezone Gold (CVE:ORE) Price Target Lowered to C$1.40 at Raymond James

Orezone Gold (CVE:ORE) had its price target cut by Raymond James from C$1.65 to C$1.40 in a research report sent to investors on Wednesday, BayStreet.CA reports. Raymond James also issued estimates for Orezone Gold’s Q4 2024 earnings at $0.07 EPS and FY2024 earnings at $0.23 EPS.

A number of other research firms also recently weighed in on ORE. Pi Financial reduced their target price on Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. CIBC cut their price target on Orezone Gold from C$2.00 to C$1.50 in a research note on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of C$1.81.

Orezone Gold Stock Performance

CVE ORE opened at C$1.25 on Wednesday. Orezone Gold has a 1-year low of C$0.87 and a 1-year high of C$1.70. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of C$1.25 and a 200-day moving average of C$1.25. The firm has a market cap of C$404.42 million and a PE ratio of -14.88.

Orezone Gold (CVE:ORE) last released its quarterly earnings results on Tuesday, March 26th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The business had revenue of C$92.01 million during the quarter. As a group, sell-side analysts forecast that Orezone Gold will post 0.13 EPS for the current year.

Insider Buying and Selling at Orezone Gold

In other Orezone Gold news, Senior Officer Ryan Goodman acquired 100,000 shares of the stock in a transaction dated Friday, April 19th. The shares were purchased at an average price of C$0.84 per share, for a total transaction of C$83,940.00.

Orezone Gold Company Profile

Orezone Gold Corporation engages in the acquisition, exploration, and development of resource properties. Its flagship property is the 90%-owned Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.