Orezone Gold (CVE:ORE) Price Target Cut to C$1.40

Orezone Gold (CVE:ORE) had its target price cut by investment analysts at Raymond James from C$1.65 to C$1.40 in a report issued on Wednesday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 12.00% from the stock’s current price.

ORE has been the topic of several other research reports. CIBC dropped their target price on shares of Orezone Gold from C$2.00 to C$1.50 in a research report on Monday, April 15th. Pi Financial reduced their price target on shares of Orezone Gold from C$1.60 to C$1.50 in a research 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 currently has an average rating of “Buy” and a consensus price target of C$1.81.

Orezone Gold Price Performance

CVE ORE remained flat at C$1.25 on Wednesday. The company had a trading volume of 149,842 shares, compared to its average volume of 229,152. The firm has a market cap of C$404.42 million and a price-to-earnings ratio of -14.88. Orezone Gold has a 1-year low of C$0.87 and a 1-year high of C$1.70. The business has a fifty day moving average price of C$1.25 and a 200 day moving average price of 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.

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

Insider Activity at Orezone Gold

In other news, Senior Officer Vanessa Pickering sold 100,000 shares of Orezone Gold stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$0.81, for a total value of C$81,000.00.

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.