Orezone Gold (CVE:ORE) Price Target Lowered to C$1.50 at Raymond James

Orezone Gold (CVE:ORE) had its price target trimmed by Raymond James from C$1.75 to C$1.50 in a research note released on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Pi Financial lowered their target price on shares of Orezone Gold from C$2.25 to C$1.50 in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of C$1.93.

Orezone Gold Stock Performance

ORE stock opened at C$1.25 on Wednesday. The company’s 50-day simple moving average is C$1.25 and its 200-day simple moving average is C$1.25. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21. Orezone Gold has a 52-week low of C$0.87 and a 52-week high of C$1.70. The firm has a market cap of C$404.42 million and a P/E ratio of -14.88.

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.