Q3 EPS Estimates for Orezone Gold Lifted by Raymond James

Posted by Defense World Staff on Oct 31st, 2024

Orezone Gold Co. (CVE:ORE – Free Report) – Analysts at Raymond James raised their Q3 2024 EPS estimates for Orezone Gold in a research note issued on Monday, October 28th. Raymond James analyst C. Stanley now expects that the company will post earnings per share of $0.06 for the quarter, up from their prior estimate of $0.05. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Orezone Gold’s Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.07 EPS and FY2025 earnings at $0.25 EPS.

Orezone Gold (CVE:ORE – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.02). The company had revenue of C$79.83 million for the quarter, compared to analyst estimates of C$79.73 million.

A number of other equities analysts also recently issued reports on ORE. CIBC lifted their price target on Orezone Gold from C$1.25 to C$1.50 in a research note on Wednesday, July 10th. Ventum Financial cut their target price on Orezone Gold from C$1.70 to C$1.50 in a research report on Thursday, July 11th.

View Our Latest Stock Report on Orezone Gold

Orezone Gold Stock Performance

CVE:ORE opened at C$1.25 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. Orezone Gold has a one year low of C$0.87 and a one year high of C$1.70. The company has a market cap of C$404.42 million and a PE ratio of -14.88. The firm has a 50-day moving average of C$1.25 and a 200-day moving average of C$1.25.

Insider Buying and Selling at Orezone Gold

In other Orezone Gold news, insider Resource Capital Fund VII L.P. purchased 717,327 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average cost of C$0.76 per share, for a total transaction of C$544,755.34.

Orezone Gold Company Profile

(Get Free Report)

Orezone Gold Corporation engages in the acquisition, exploration, and development of resource properties. Its flagship property is the 90%-owned BomborÃ© gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.