Orezone Gold (CVE:ORE) PT Lowered to C$1.50

Orezone Gold (CVE:ORE) had its target price reduced by analysts at CIBC from C$2.00 to C$1.50 in a research report issued on Monday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 20.00% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on ORE. Pi Financial decreased their price objective on shares of Orezone Gold from C$1.60 to C$1.50 in a research report on Tuesday, April 2nd. Raymond James decreased their price objective on shares of Orezone Gold from C$1.75 to C$1.50 and set an “outperform” rating for the company in a research report on Wednesday, March 27th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Orezone Gold presently has an average rating of “Buy” and a consensus price target of C$1.83.

Orezone Gold Price Performance

ORE stock opened at C$1.25 on Monday. 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 has a 1 year low of C$0.87 and a 1 year high of C$1.70. The company has a 50 day simple moving average of C$1.25 and a 200 day simple moving average of C$1.25. The stock has a market cap of C$404.42 million and a price-to-earnings 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.