Equities Analysts Issue Forecasts for Orezone Gold Co.’s FY2024 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Analysts at Ventum Cap Mkts raised their FY2024 earnings per share (EPS) estimates for shares of Orezone Gold in a note issued to investors on Wednesday, July 10th. Ventum Cap Mkts analyst A. Terentiew now expects that the company will post earnings of $0.20 per share for the year, up from their prior estimate of $0.12. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share. Ventum Cap Mkts also issued estimates for Orezone Gold’s FY2025 earnings at $0.12 EPS and FY2026 earnings at $0.19 EPS.

Other analysts have also issued reports about the stock. Pi Financial cut their target price on shares of Orezone Gold from C$1.60 to C$1.50 in a research report on Tuesday, April 2nd. TD Securities reduced their price objective on Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Ventum Financial decreased their target price on Orezone Gold from C$1.70 to C$1.50 in a report on Thursday. CIBC boosted their price target on Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday, July 10th. Finally, Raymond James decreased their price objective on Orezone Gold from C$1.40 to C$1.15 in a research note on Thursday.

Orezone Gold Stock Performance

ORE stock opened at C$1.25 on Monday. 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. The company has a market cap of C$404.42 million and a P/E ratio of -14.88. The stock’s fifty day moving average price is C$1.25 and its 200-day moving average price is C$1.25.

Orezone Gold (CVE:ORE) last announced its quarterly earnings results 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 analysts’ expectations of C$88.32 million.

Insider Buying and Selling

In related news, Senior Officer Ryan Goodman purchased 100,000 shares of the firm’s stock in a transaction on 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 three months, insiders have acquired 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.