Orezone Gold (CVE:ORE – Get Free Report) had its price objective dropped by stock analysts at Raymond James from C$1.40 to C$1.15 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Raymond James’ price target suggests a potential downside of 8.00% from the stock’s previous close. Raymond James also issued estimates for Orezone Gold’s Q2 2024 earnings at $0.07 EPS, 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 equities research analysts also recently commented on ORE. Pi Financial dropped their target price on Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Ventum Financial dropped their price objective on Orezone Gold from C$1.70 to C$1.50 in a report on Thursday. TD Securities dropped their price objective on Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, CIBC lifted their price objective on Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday.
Read Our Latest Research Report on ORE
Orezone Gold Stock Performance
Orezone Gold (CVE:ORE – Get Free Report) last released its quarterly earnings data on Monday, May 13th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The firm had revenue of C$87.20 million during the quarter, compared to analyst estimates of C$88.32 million. Equities analysts predict that Orezone Gold will post 0.13 EPS for the current year.
Insider Transactions at Orezone Gold
In related news, Senior Officer Ryan Goodman bought 100,000 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were bought at an average cost of C$0.84 per share, with a total value of C$83,940.00. In the last 90 days, insiders have bought 166,000 shares of company stock valued at $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.
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