Raymond James Equities Analysts Cut Earnings Estimates for Orezone Gold Co. (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Equities research analysts at Raymond James dropped their FY2024 earnings per share (EPS) estimates for Orezone Gold in a research note issued on Thursday, July 18th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $0.16 per share for the year, down from their prior estimate of $0.19. 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 Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.14 EPS.

Orezone Gold (CVE:ORE) last posted its earnings results on Monday, May 13th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The firm had revenue of C$87.20 million during the quarter, compared to analyst estimates of C$88.32 million.

A number of other research firms have also recently commented on ORE. Pi Financial cut their target price on Orezone Gold from C$1.60 to C$1.50 in a research report on Tuesday, April 2nd. CIBC lifted their target price on Orezone Gold from C$1.25 to C$1.50 in a research report on Wednesday, July 10th. TD Securities dropped their price target on 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. Finally, Ventum Financial dropped their price target on Orezone Gold from C$1.70 to C$1.50 in a research report on Thursday, July 11th.

Orezone Gold Price Performance

ORE opened at C$1.25 on Monday. The business’s 50-day simple moving average is C$1.25 and its 200-day simple moving average is C$1.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.30 and a current ratio of 2.56. Orezone Gold has a one year low of C$0.87 and a one year high of C$1.70. The stock has a market capitalization of C$404.42 million and a P/E 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.