Brokers Offer Predictions for Orezone Gold Co.’s FY2022 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:ORE – Get Rating) – Research analysts at Raymond James raised their FY2022 earnings per share estimates for shares of Orezone Gold in a research note issued to investors on Tuesday, January 17th. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.03 for the year, up from their previous estimate of ($0.01). Raymond James has a “Outperform” rating and a $2.15 price target on the stock. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

A number of other analysts have also commented on the company. TD Securities set a C$2.25 target price on Orezone Gold and gave the company a “speculative buy” rating in a research report on Friday, October 21st. Pi Financial dropped their price objective on Orezone Gold from C$2.20 to C$2.00 in a research note on Thursday, December 8th.

Orezone Gold Stock Performance

CVE ORE opened at C$1.25 on Friday. The company has a market cap of C$404.42 million and a price-to-earnings ratio of -14.88. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average is C$1.25 and its 200 day 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.

Insider Activity at Orezone Gold

In related news, Director Patrick Downey acquired 60,000 shares of Orezone Gold stock in a transaction dated Wednesday, January 4th. The shares were purchased at an average cost of C$1.25 per share, with a total value of C$74,928.00. Following the completion of the purchase, the director now owns 5,127,000 shares of the company’s stock, valued at C$6,402,597.60. Insiders have bought a total of 150,000 shares of company stock valued at $185,878 over the last 90 days.

About Orezone Gold

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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.