Ventum Financial Trims Orezone Gold (CVE:ORE) Target Price to C$1.50

Orezone Gold (CVE:ORE) had its price target lowered by Ventum Financial from C$1.70 to C$1.50 in a report published on Thursday, BayStreet.CA reports.

A number of other research analysts have also issued reports on ORE. TD Securities decreased their target price on Orezone Gold from C$1.50 to C$1.25 and set a buy rating on the stock in a research report on Wednesday, May 15th. Raymond James decreased their target price on Orezone Gold from C$1.65 to C$1.40 in a research report on Wednesday, May 8th. Pi Financial decreased their price objective on Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Finally, CIBC raised their price objective on Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday.

Orezone Gold Price Performance

Shares of CVE:ORE opened at C$1.25 on Thursday. Orezone Gold has a twelve month low of C$0.87 and a twelve month high of C$1.70. The company’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. The company has a market cap of C$404.42 million and a PE ratio of -14.88.

Orezone Gold (CVE:ORE) last issued 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 firm had revenue of C$87.20 million for the quarter, compared to analyst estimates of C$88.32 million. On average, sell-side analysts forecast that Orezone Gold will post 0.13 EPS for the current year.

Insider Buying and Selling at Orezone Gold

In related news, Senior Officer Ryan Goodman purchased 100,000 shares of Orezone Gold stock in a transaction dated Friday, April 19th. The shares were acquired at an average price of C$0.84 per share, for a total transaction of C$83,940.00. In the last 90 days, insiders have bought 166,000 shares of company stock worth $128,601.

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.