Raymond James Analysts Lift Earnings Estimates for Orezone Gold Co. (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Analysts at Raymond James boosted their Q1 2024 EPS estimates for Orezone Gold in a note issued to investors on Tuesday, April 23rd. Raymond James analyst C. Stanley now anticipates that the company will earn $0.05 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Orezone Gold’s Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.22 EPS.

A number of other brokerages also recently weighed in on ORE. CIBC decreased their target price on shares of Orezone Gold from C$2.00 to C$1.50 in a research note on Monday, April 15th. Pi Financial decreased their target price on shares of Orezone Gold from C$1.60 to C$1.50 in a research note on Tuesday, April 2nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Orezone Gold has an average rating of “Buy” and an average target price of C$1.86.

Orezone Gold Price Performance

ORE stock opened at C$1.25 on Friday. Orezone Gold has a 1 year low of C$0.87 and a 1 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 firm has a 50-day moving average of C$1.25 and a 200 day moving average of C$1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30.

Orezone Gold (CVE:ORE) last released its quarterly 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 company had revenue of C$92.01 million for the quarter.

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.