Orezone Gold (CVE:ORE) PT Lowered to C$1.15

Orezone Gold (CVE:ORE) had its target price dropped by equities research analysts at Raymond James from C$1.40 to C$1.15 in a research report issued on Thursday, BayStreet.CA reports. Raymond James’ target price indicates a potential downside of 8.00% from the company’s previous close.

Several other brokerages also recently issued reports on ORE. TD Securities cut their target price on shares of Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Ventum Financial cut their target price on shares of Orezone Gold from C$1.70 to C$1.50 in a research note on Thursday. Pi Financial cut their price objective on shares of Orezone Gold from C$1.60 to C$1.50 in a research report on Tuesday, April 2nd. Finally, CIBC raised their price objective on shares of Orezone Gold from C$1.25 to C$1.50 in a research report on Wednesday.

Orezone Gold Stock Performance

Shares of Orezone Gold stock remained flat at C$1.25 during trading hours on Thursday. 149,841 shares of the stock were exchanged, compared to its average volume of 229,152. The business’s fifty day moving average is C$1.25 and its 200 day moving average 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 current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. The firm has a market cap of C$404.42 million and a PE ratio of -14.88.

Orezone Gold (CVE:ORE) last issued its earnings results on Monday, May 13th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The company had revenue of C$87.20 million for the quarter, compared to analyst estimates of C$88.32 million. As a group, analysts expect that Orezone Gold will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Ryan Goodman acquired 100,000 shares of the business’s stock in a transaction on Friday, April 19th. The stock was purchased at an average cost of C$0.84 per share, for a total transaction of C$83,940.00. Insiders purchased 166,000 shares of company stock worth $128,601 over the last three months.

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.