Orezone Gold (CVE:ORE – Get Free Report) had its price target decreased by analysts at Raymond James from C$1.40 to C$1.15 in a report released on Thursday, BayStreet.CA reports. Raymond James’ price target suggests a potential downside of 8.00% from the company’s current price.
Other research analysts also recently issued reports about the stock. Pi Financial cut their price target on shares of Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. CIBC raised their price target on shares of Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday. Ventum Financial lowered their price objective on shares of Orezone Gold from C$1.70 to C$1.50 in a research report on Thursday. Finally, TD Securities lowered 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.
Check Out Our Latest Stock Analysis on ORE
Orezone Gold Price Performance
Orezone Gold (CVE:ORE – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The business had revenue of C$87.20 million for the quarter, compared to analysts’ expectations of C$88.32 million. Equities analysts predict that Orezone Gold will post 0.13 earnings per share for the current fiscal year.
Insider Activity
In related news, Senior Officer Ryan Goodman bought 100,000 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were purchased at an average price of C$0.84 per share, with a total value of C$83,940.00. In the last 90 days, insiders have purchased 166,000 shares of company stock valued at $128,601.
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.
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