Orezone Gold (CVE:ORE – Get Free Report) had its price objective cut by investment analysts at Ventum Financial from C$1.70 to C$1.50 in a report released on Thursday, BayStreet.CA reports. Ventum Financial’s target price would suggest a potential upside of 20.00% from the company’s current price.
Other analysts have also issued reports about the stock. TD Securities reduced their price objective on shares of Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Raymond James cut their price objective on shares of Orezone Gold from C$1.65 to C$1.40 in a report on Wednesday, May 8th. Pi Financial cut their price objective on shares of Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Finally, CIBC lifted their price objective on shares of Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday.
View Our Latest Stock Report on Orezone Gold
Orezone Gold Stock Performance
Orezone Gold (CVE:ORE – Get Free Report) last posted its quarterly earnings data on Monday, May 13th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The company had revenue of C$87.20 million for the quarter, compared to the consensus estimate of C$88.32 million. Research analysts anticipate that Orezone Gold will post 0.13 EPS for the current fiscal year.
Insider Buying and Selling at Orezone Gold
In related news, Senior Officer Ryan Goodman acquired 100,000 shares of the stock in a transaction dated Friday, April 19th. The stock was acquired at an average cost of C$0.84 per share, for a total transaction of C$83,940.00. Insiders bought a total of 166,000 shares of company stock worth $128,601 over the last three months.
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.
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