Orezone Gold (CVE:ORE) Price Target Raised to C$1.65

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

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

Orezone Gold Price Performance

ORE opened at C$1.25 on Tuesday. 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 debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. The firm’s fifty day moving average price is C$1.25 and its two-hundred day moving average price is C$1.25. The company has a market capitalization of C$404.42 million and a P/E ratio of -14.88.

Orezone Gold (CVE:ORE) last issued its earnings results on Tuesday, March 26th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.02). The firm had revenue of C$92.01 million for the quarter. On average, analysts anticipate that Orezone Gold will post 0.13 EPS 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.