Orezone Gold (CVE:ORE) PT Lowered to C$1.50

Orezone Gold (CVE:ORE) had its price target decreased by CIBC from C$2.00 to C$1.50 in a research note issued to investors on Monday, BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on the company. Pi Financial cut their target price on Orezone Gold from C$1.60 to C$1.50 in a research note on Tuesday, April 2nd. Raymond James dropped their price objective on Orezone Gold from C$1.75 to C$1.50 and set an outperform rating for the company in a research note on Wednesday, March 27th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of Buy and an average target price of C$1.83.

Orezone Gold Price Performance

ORE stock opened at C$1.25 on Monday. The business has a fifty day moving average of C$1.25 and a two-hundred day moving average of C$1.25. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21. The stock has a market cap of C$404.42 million and a price-to-earnings ratio of -14.88. 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 posted 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 business had revenue of C$92.01 million during the quarter. As a group, research analysts anticipate that Orezone Gold will post 0.13 earnings per share for the current 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.