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

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

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

Orezone Gold Price Performance

CVE ORE opened at C$1.25 on Monday. The stock’s 50 day moving average is C$1.25 and its 200 day moving average is C$1.25. 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 12 month low of C$0.87 and a 12 month high of C$1.70. The stock has a market cap of C$404.42 million and a PE ratio of -14.88.

Orezone Gold (CVE:ORE) last posted its quarterly earnings results on Tuesday, March 26th. The company reported C$0.05 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 during the quarter. Research analysts predict that Orezone Gold will post 0.13 EPS for the current fiscal year.

About Orezone Gold

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.