Raymond James Comments on Orezone Gold Co.’s Q1 2024 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Analysts at Raymond James decreased their Q1 2024 earnings per share (EPS) estimates for shares of Orezone Gold in a report issued on Wednesday, March 27th. Raymond James analyst C. Stanley now anticipates that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.07. Raymond James currently has a “Outperform” rating and a $1.50 target price on the stock. 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 Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.04 EPS, Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.16 EPS.

Separately, Pi Financial lowered their target price on Orezone Gold from C$2.25 to C$1.50 in a research note on Wednesday, March 6th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Orezone Gold currently has an average rating of “Buy” and a consensus price target of C$1.93.

Orezone Gold Price Performance

Shares of CVE:ORE opened at C$1.25 on Thursday. The stock has a market cap of C$404.42 million and a price-to-earnings ratio of -14.88. The company has a quick ratio of 2.30, a current ratio of 2.56 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 business’s 50 day moving average is C$1.25 and its 200 day moving average is C$1.25.

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.