Orezone Gold (CVE:ORE) Given New C$1.65 Price Target at Raymond James

Orezone Gold (CVE:ORE) had its price objective upped by analysts at Raymond James from C$1.50 to C$1.65 in a report issued on Tuesday, BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 32.00% from the company’s current price.

Other research analysts have also issued research reports about the stock. CIBC cut their price target on shares of Orezone Gold from C$2.00 to C$1.50 in a report on Monday, April 15th. Pi Financial dropped their price target on shares of Orezone Gold from C$1.60 to C$1.50 in a research note on Tuesday, April 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$1.86.

Orezone Gold Price Performance

Orezone Gold stock opened at C$1.25 on Tuesday. Orezone Gold has a 12-month low of C$0.87 and a 12-month high of C$1.70. The stock has a market capitalization of C$404.42 million and a P/E ratio of -14.88. The firm’s 50-day moving average is C$1.25 and its two-hundred day moving average is C$1.25. 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 (CVE:ORE) last released its quarterly earnings results on Tuesday, March 26th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.02). The business had revenue of C$92.01 million for the quarter. Equities analysts predict that Orezone Gold will post 0.13 earnings per share for the current year.

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.