FY2023 Earnings Forecast for Orezone Gold Co. Issued By Raymond James (CVE:ORE)

Orezone Gold Co. (CVE:ORE – Get Rating) – Research analysts at Raymond James increased their FY2023 earnings per share (EPS) estimates for Orezone Gold in a research report issued on Monday, May 16th. Raymond James analyst C. Stanley now expects that the company will post earnings per share of $0.32 for the year, up from their prior forecast of $0.04. Raymond James has a “Strong-Buy” rating and a $2.40 price objective on the stock.

Orezone Gold (CVE:ORE – Get Rating) last issued its earnings results on Thursday, March 24th. The company reported C($0.02) earnings per share for the quarter.

ORE opened at C$1.25 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. The company has a market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88. The firm’s fifty day moving average price is C$1.25 and its two-hundred day moving average price is C$1.25. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70.

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.

Recommended Stories