Brokers Offer Predictions for Orezone Gold Co.’s FY2027 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Equities researchers at Ventum Cap Mkts increased their FY2027 earnings per share estimates for shares of Orezone Gold in a report released on Tuesday, May 7th. Ventum Cap Mkts analyst A. Terentiew now forecasts that the company will earn $0.19 per share for the year, up from their prior estimate of $0.12. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

Orezone Gold (CVE:ORE) last released its quarterly earnings data on Tuesday, March 26th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The business had revenue of C$92.01 million during the quarter.

ORE has been the subject of several other reports. CIBC lowered their price objective on Orezone Gold from C$2.00 to C$1.50 in a research note on Monday, April 15th. Raymond James dropped their price objective on shares of Orezone Gold from C$1.65 to C$1.40 in a research note on Wednesday. Finally, Pi Financial cut their price target on shares of Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$1.81.

Orezone Gold Price Performance

Shares of CVE ORE opened at C$1.25 on Thursday. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. Orezone Gold has a 12-month low of C$0.87 and a 12-month high of C$1.70. The firm’s 50-day moving average price is C$1.25 and its 200-day moving average price is C$1.25. The stock has a market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88.

Insider Buying and Selling at Orezone Gold

In other news, Senior Officer Ryan Goodman purchased 100,000 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were acquired at an average price of C$0.84 per share, with a total value of C$83,940.00.

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.