Raymond James Boosts Orezone Gold (CVE:ORE) Price Target to C$1.65

Orezone Gold (CVE:ORE) had its price target increased by Raymond James from C$1.50 to C$1.65 in a research report released on Tuesday, BayStreet.CA reports.

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

Orezone Gold Stock Performance

Shares of CVE:ORE opened at C$1.25 on Tuesday. 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 market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21. Orezone Gold has a 52 week low of C$0.87 and a 52 week high of C$1.70.

Orezone Gold (CVE:ORE) last issued 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 firm had revenue of C$92.01 million during the quarter. On average, sell-side analysts predict that Orezone Gold will post 0.13 earnings per share 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.