Raymond James Brokers Lift Earnings Estimates for Orezone Gold Co. (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Research analysts at Raymond James boosted their FY2024 EPS estimates for Orezone Gold in a report released on Tuesday, May 7th. Raymond James analyst C. Stanley now expects that the company will earn $0.23 per share for the year, up from their prior forecast of $0.22. 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 $0.07 EPS.

ORE has been the topic of a number of other reports. CIBC cut their price target on shares of Orezone Gold from C$2.00 to C$1.50 in a report on Monday, April 15th. Pi Financial cut their price target on shares of Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Orezone Gold has a consensus rating of “Buy” and an average price target of C$1.81.

Orezone Gold Stock Performance

CVE ORE opened at C$1.25 on Thursday. The company’s 50-day moving average price is C$1.25 and its 200-day moving average price is C$1.25. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. The stock has a market cap of C$404.42 million and a PE ratio of -14.88. Orezone Gold has a 12 month low of C$0.87 and a 12 month high of C$1.70.

Orezone Gold (CVE:ORE) last posted its quarterly earnings data on Tuesday, March 26th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The business had revenue of C$92.01 million for the quarter.

Insider Buying and Selling at Orezone Gold

In related news, Senior Officer Vanessa Pickering sold 100,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$0.81, for a total value of C$81,000.00.

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.