Orezone Gold (CVE:ORE) Given New C$3.50 Price Target at National Bank Financial

Orezone Gold (CVE:ORE) had its price objective hoisted by analysts at National Bank Financial from C$3.25 to C$3.50 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 180.00% from the company’s current price.

Orezone Gold Price Performance

Shares of Orezone Gold stock remained flat at C$1.25 on Friday. 149,842 shares of the company traded hands, compared to its average volume of 229,152. Orezone Gold has a 1-year low of C$0.87 and a 1-year high of C$1.70. The stock has a market cap of C$404.42 million and a P/E ratio of -14.88. 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 business has a 50-day moving average of C$1.25 and a two-hundred day moving average of C$1.25.

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.