FY2024 EPS Estimates for Orezone Gold Boosted by Analyst

Orezone Gold Co. (CVE:ORE) – Stock analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for Orezone Gold in a report issued on Wednesday, January 22nd. Raymond James analyst C. Stanley now forecasts that the company will post earnings of $0.16 per share for the year, up from their prior estimate of $0.14. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

Orezone Gold (CVE:ORE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.03). During the same quarter last year, the firm posted $0.01 EPS.

Orezone Gold Stock Performance

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

Insider Activity at Orezone Gold

In related news, Director Patrick Downey purchased 166,000 shares of Orezone Gold stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of C$0.60 per share, with a total value of C$99,849.00. Also, Director T. Sean Harvey acquired 56,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of C$0.71 per share, for a total transaction of C$40,284.50. In the last three months, insiders have bought 261,500 shares of company stock worth $164,094.

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.