FY2024 EPS Estimates for Orezone Gold Co. (CVE:ORE) Reduced by Raymond James

Orezone Gold Co. (CVE:ORE) – Stock analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Orezone Gold in a research note issued to investors on Monday, September 23rd. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.15 for the year, down from their previous estimate of $0.16. 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 Q1 2025 earnings at $0.05 EPS.

Several other equities analysts have also commented on ORE. CIBC increased their target price on Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday, July 10th. Ventum Financial dropped their target price on Orezone Gold from C$1.70 to C$1.50 in a report on Thursday, July 11th.

Orezone Gold Stock Performance

CVE:ORE opened at C$1.25 on Wednesday. The firm has a market capitalization of C$404.42 million and a PE ratio of -14.88. The business’s fifty day moving average price is C$1.25 and its 200 day moving average price is C$1.25. 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 12 month low of C$0.87 and a 12 month high of C$1.70.

Orezone Gold (CVE:ORE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.02). The firm had revenue of C$79.83 million during the quarter, compared to analyst estimates of C$79.73 million.

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.