FY2024 EPS Estimates for Orezone Gold Reduced by Analyst

Orezone Gold Co. (CVE:ORE) – Investment analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for shares of Orezone Gold in a report issued on Monday, January 6th. Raymond James analyst C. Stanley now expects that the company will earn $0.14 per share for the year, down from their prior forecast of $0.17. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

Orezone Gold Price Performance

Shares of Orezone Gold stock opened at C$1.25 on Thursday. Orezone Gold has a 12-month low of C$0.87 and a 12-month high of C$1.70. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of C$1.25 and a two-hundred day moving average price of C$1.25. The stock has a market capitalization of C$404.42 million and a P/E ratio of -14.88.

Insider Buying and Selling

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