FY2024 Earnings Forecast for Orezone Gold Co. Issued By Raymond James (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Analysts at Raymond James upped their FY2024 earnings per share estimates for shares of Orezone Gold in a research report issued on Tuesday, May 7th. Raymond James analyst C. Stanley now expects that the company will earn $0.23 per share for the year, up from their previous forecast of $0.22. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Orezone Gold’s Q4 2024 earnings at $0.07 EPS.

Orezone Gold (CVE:ORE) last released its quarterly earnings data 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 firm had revenue of C$92.01 million during the quarter.

A number of other brokerages have also issued reports on ORE. CIBC lowered their target price on shares of Orezone Gold from C$2.00 to C$1.50 in a research report on Monday, April 15th. Pi Financial reduced their target price on shares of Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Orezone Gold currently has a consensus rating of “Buy” and a consensus target price of C$1.81.

Orezone Gold Price Performance

Shares of CVE:ORE opened at C$1.25 on Thursday. The firm has a 50 day simple moving average of C$1.25 and a 200-day simple moving average of 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 company has a market capitalization of C$404.42 million and a PE ratio of -14.88.

Insiders Place Their Bets

In related news, Senior Officer Vanessa Pickering sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$0.81, for a total value of C$81,000.00.

Orezone Gold Company Profile

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.