Orezone Gold FY2024 EPS Estimate Increased by Raymond James

Orezone Gold Co. (CVE:ORE) – Raymond James upped their FY2024 earnings estimates for shares of Orezone Gold in a research note issued on Wednesday, January 22nd. Raymond James analyst C. Stanley now anticipates that the company will earn $0.16 per share for the year, up from their prior forecast of $0.14. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

Orezone Gold Stock Performance

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

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

Insiders Place Their Bets

In other Orezone Gold news, Director Patrick Downey acquired 166,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of C$0.60 per share, with a total value of C$99,849.00. Also, Director T. Sean Harvey bought 56,500 shares of Orezone Gold stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of C$0.71 per share, for a total transaction of C$40,284.50. Insiders bought 261,500 shares of company stock worth $164,094 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.