Orezone Gold (CVE:ORE) Price Target Increased to C$1.65 by Analysts at Raymond James

Orezone Gold (CVE:ORE) had its price objective hoisted by equities research analysts at Raymond James from C$1.50 to C$1.65 in a report released on Tuesday, BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 32.00% from the company’s current price.

A number of other equities analysts have also issued reports on the company. CIBC cut their target price on Orezone Gold from C$2.00 to C$1.50 in a research report on Monday, April 15th. Pi Financial lowered their price target on Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Orezone Gold has a consensus rating of “Buy” and a consensus target price of C$1.86.

Orezone Gold Price Performance

Shares of ORE remained flat at C$1.25 during trading on Tuesday. The company’s stock had a trading volume of 149,842 shares, compared to its average volume of 229,152. The business’s fifty day moving average price is C$1.25 and its two-hundred day moving average price is C$1.25. Orezone Gold has a one year low of C$0.87 and a one year high of C$1.70. The company has a market cap of C$404.42 million and a P/E ratio of -14.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.30 and a current ratio of 2.56.

Orezone Gold (CVE:ORE) last announced its earnings results on Tuesday, March 26th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The business had revenue of C$92.01 million during the quarter. As a group, equities analysts forecast that Orezone Gold will post 0.13 EPS for the current fiscal year.

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.