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

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

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

Orezone Gold Price Performance

Shares of CVE ORE opened at C$1.25 on Tuesday. The company has a 50 day simple moving average of C$1.25 and a 200-day simple moving average of C$1.25. The company has a market capitalization of C$404.42 million and a P/E ratio of -14.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70.

Orezone Gold (CVE:ORE) last announced 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 for the quarter. On average, equities research analysts predict 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.