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 report published 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 analysts have also recently weighed in on the stock. CIBC cut their price objective on shares of Orezone Gold from C$2.00 to C$1.50 in a report on Monday, April 15th. Pi Financial dropped their price objective on Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently 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. The firm has a market capitalization of C$404.42 million and a P/E ratio of -14.88. The stock has a 50-day simple moving average of C$1.25 and a two-hundred day simple moving average of C$1.25. 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.

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

Insider Buying and Selling at Orezone Gold

In other news, Senior Officer Vanessa Pickering sold 100,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$0.81, for a total value of C$81,000.00.

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.