Orezone Gold Corp (ORE) Given Consensus Recommendation of “Buy” by Analysts
Orezone Gold Corp (TSE:ORE) has earned an average rating of “Buy” from the seven research firms that are currently covering the firm. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$0.97.
A number of research analysts have weighed in on the stock. Paradigm Capital reaffirmed a “speculative buy” rating and issued a C$0.95 price objective on shares of Orezone Gold Corp in a report on Thursday, September 22nd. National Bank Financial raised shares of Orezone Gold Corp from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 9th. CIBC cut their target price on shares of Orezone Gold Corp from C$1.05 to C$0.85 in a research note on Friday, September 9th. Raymond James Financial Inc. cut their target price on shares of Orezone Gold Corp from C$1.90 to C$1.10 and set an “outperform” rating for the company in a research note on Tuesday, August 23rd. Finally, BMO Capital Markets cut their target price on shares of Orezone Gold Corp from C$1.75 to C$0.75 and set a “market perform” rating for the company in a research note on Tuesday, August 23rd.
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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