Q4 EPS Estimates for Orezone Gold Boosted by Raymond James

Orezone Gold Co. (CVE:ORE) – Equities researchers at Raymond James raised their Q4 2024 EPS estimates for shares of Orezone Gold in a research report issued on Wednesday, January 22nd. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.09 for the quarter, up from their prior forecast of $0.07. 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 FY2025 earnings at $0.29 EPS.

Orezone Gold Price Performance

Shares of CVE:ORE opened at C$1.25 on Thursday. 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 has a 50 day simple moving average of C$1.25 and a two-hundred day simple moving average of C$1.25. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70. The firm has a market capitalization of C$404.42 million and a PE ratio of -14.88.

Orezone Gold (CVE:ORE) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.03). During the same quarter in the prior year, the firm posted $0.01 earnings per share.

Insider Activity

In related news, Director T. Sean Harvey purchased 56,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of C$0.71 per share, for a total transaction of C$40,284.50. Also, Director Patrick Downey bought 166,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of C$0.60 per share, for a total transaction of C$99,849.00. Over the last ninety days, insiders purchased 261,500 shares of company stock valued at $164,094.

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.