Raymond James Raises Orezone Gold (CVE:ORE) Price Target to C$1.65

Orezone Gold (CVE:ORE) had its price target lifted by Raymond James from C$1.50 to C$1.65 in a research note issued to investors on Tuesday, BayStreet.CA reports.

ORE has been the topic of several other research reports. CIBC reduced their price target on shares of Orezone Gold from C$2.00 to C$1.50 in a report on Monday, April 15th. Pi Financial reduced their price target on shares of Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and a consensus price target of C$1.86.

Orezone Gold Stock Performance

Shares of ORE opened at C$1.25 on Tuesday. 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 firm’s 50-day moving average is C$1.25 and its two-hundred day moving average is C$1.25. Orezone Gold has a twelve month low of C$0.87 and a twelve month high of C$1.70. The firm has a market capitalization of C$404.42 million and a P/E ratio of -14.88.

Orezone Gold (CVE:ORE) last issued its earnings results on Tuesday, March 26th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.02). The business had revenue of C$92.01 million for the quarter. On average, research analysts predict that Orezone Gold will post 0.13 earnings per share for the current fiscal year.

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.