Orezone Gold Co. (CVE:ORE – Free Report) – Equities researchers at Raymond James raised their FY2024 earnings per share estimates for Orezone Gold in a note issued to investors on Monday, October 28th. Raymond James analyst C. Stanley now anticipates that the company will earn $0.17 per share for the year, up from their previous forecast of $0.15. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.
A number of other research analysts have also recently weighed in on ORE. CIBC lifted their target price on Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday, July 10th. Ventum Financial decreased their target price on shares of Orezone Gold from C$1.70 to C$1.50 in a research note on Thursday, July 11th.
Orezone Gold Price Performance
Orezone Gold stock opened at C$1.25 on Thursday. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70. The firm has a 50 day moving average price of C$1.25 and a 200 day moving average price of C$1.25. The company has a market cap of C$404.42 million and a price-to-earnings ratio of -14.88. 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 (CVE:ORE – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of C$79.83 million during the quarter, compared to analyst estimates of C$79.73 million.
Insider Activity
In other news, insider Resource Capital Fund VII L.P. purchased 717,327 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average cost of C$0.76 per share, for a total transaction of C$544,755.34.
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.
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