Research Analysts Offer Predictions for Orezone Gold Co.’s Q2 2024 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Equities research analysts at Raymond James upped their Q2 2024 earnings per share estimates for Orezone Gold in a report issued on Thursday, July 11th. Raymond James analyst C. Stanley now forecasts that the company will earn $0.07 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Orezone Gold’s Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $0.15 EPS.

Several other brokerages also recently issued reports on ORE. Ventum Financial lowered their price target on Orezone Gold from C$1.70 to C$1.50 in a report on Thursday. CIBC increased their price target on Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday. TD Securities lowered their price target on Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Pi Financial lowered their price target on Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd.

Orezone Gold Stock Performance

CVE ORE opened at C$1.25 on Friday. The stock 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 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 12 month low of C$0.87 and a 12 month high of C$1.70.

Orezone Gold (CVE:ORE) last released its quarterly earnings data on Monday, May 13th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The company had revenue of C$87.20 million during the quarter, compared to analyst estimates of C$88.32 million.

Insider Buying and Selling

In other news, Senior Officer Ryan Goodman acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was acquired at an average cost of C$0.84 per share, for a total transaction of C$83,940.00. Over the last three months, insiders bought 166,000 shares of company stock worth $128,601.

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.