Raymond James Trims Orezone Gold (CVE:ORE) Target Price to C$1.50

Orezone Gold (CVE:ORE) had its target price reduced by analysts at Raymond James from C$1.75 to C$1.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 20.00% from the company’s previous close.

Separately, Pi Financial cut their price target on Orezone Gold from C$2.25 to C$1.50 in a research note on Wednesday, March 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$1.93.

Orezone Gold Price Performance

ORE stock remained flat at C$1.25 during mid-day trading on Wednesday. The company’s stock 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 PE ratio of -14.88. 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 has a fifty-two week low of C$0.87 and a fifty-two week high of C$1.70. The company has a fifty day simple moving average of C$1.25 and a 200 day simple moving average of C$1.25.

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.