Shares of Orezone Gold Corp (TSE:ORE) have been given an average recommendation of “Buy” by the eight research firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$0.97.

Several equities research analysts recently commented on the stock. CIBC cut their price objective on shares of Orezone Gold Corp from C$1.05 to C$0.85 in a research report on Friday, September 9th. Raymond James Financial Inc. cut their price target on shares of Orezone Gold Corp from C$1.90 to C$1.10 and set an “outperform” rating on the stock in a research report on Tuesday, August 23rd. BMO Capital Markets cut their price target on shares of Orezone Gold Corp from C$1.75 to C$0.75 and set a “market perform” rating on the stock in a research report on Tuesday, August 23rd. Paradigm Capital reissued a “speculative buy” rating and set a C$0.95 price target on shares of Orezone Gold Corp in a research report on Thursday, September 22nd. Finally, National Bank Financial raised shares of Orezone Gold Corp from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 9th.

Orezone Gold Corp Company Profile

Orezone Gold Corporation is a Canada-based development-stage company. The Company is engaged in the exploration and development of gold properties in Burkina Faso, West Africa. The Company operates through the acquisition, exploration and potential development of precious metal properties segment. The Company has over two advanced-stage exploration gold projects in Burkina Faso: Bombore and Bondi.

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