Raymond James Has Positive View of Orezone Gold Q4 Earnings

Orezone Gold Co. (CVE:ORE) – Raymond James lifted their Q4 2024 earnings per share estimates for shares of Orezone Gold in a research report issued on Monday, January 6th. 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 $0.06. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

Orezone Gold Stock Performance

Shares of CVE:ORE opened at C$1.25 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. The business’s fifty day moving average price is C$1.25 and its two-hundred day moving average price is C$1.25. Orezone Gold has a fifty-two week low of C$0.87 and a fifty-two week high of C$1.70. The stock has a market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88.

Insider Buying and Selling

In other Orezone Gold news, Director T. Sean Harvey acquired 56,500 shares of Orezone Gold stock in a transaction on Monday, November 11th. The shares were bought at an average price of C$0.71 per share, with a total value of C$40,284.50. Also, Director Patrick Downey bought 166,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of C$0.60 per share, with a total value of C$99,849.00. Insiders bought 261,500 shares of company stock worth $164,094 in the last quarter.

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.