Orezone Gold (CVE:ORE) PT Raised to C$2.40

Orezone Gold (CVE:OREGet Rating) had its price target increased by equities research analysts at Raymond James from C$2.00 to C$2.40 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective would suggest a potential upside of 92.00% from the company’s current price.

Shares of Orezone Gold stock remained flat at $C$1.25 during trading on Wednesday. 149,842 shares of the stock traded hands, compared to its average volume of 229,152. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.30 and a current ratio of 2.56. Orezone Gold has a fifty-two week low of C$0.87 and a fifty-two week high of C$1.70. The firm has a 50 day moving average of C$1.25. The company has a market cap of C$404.42 million and a PE ratio of -14.88.

Orezone Gold (CVE:OREGet Rating) last posted its earnings results on Thursday, March 24th. The company reported C($0.02) EPS for the quarter. Analysts forecast that Orezone Gold will post 0.13 earnings per share for the current fiscal year.

About Orezone Gold (Get Rating)

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.

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