Orezone Gold (CVE:ORE) Price Target Lowered to C$1.50 at CIBC

Orezone Gold (CVE:ORE) had its target price decreased by CIBC from C$2.00 to C$1.50 in a research report sent to investors on Monday, BayStreet.CA reports.

Several other research firms have also issued reports on ORE. Pi Financial dropped their price objective on Orezone Gold from C$1.60 to C$1.50 in a research note on Tuesday, April 2nd. Raymond James lowered their target price on Orezone Gold from C$1.75 to C$1.50 and set an outperform rating for the company in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average price target of C$1.83.

Orezone Gold Price Performance

Shares of ORE stock opened at C$1.25 on Monday. 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 stock has a fifty day moving average price of C$1.25 and a 200 day moving average price of C$1.25. Orezone Gold has a one year low of C$0.87 and a one year high of C$1.70. The stock has a market cap of C$404.42 million and a P/E ratio of -14.88.

About Orezone Gold

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.