Orezone Gold Co. (CVE:ORE) Expected to Earn FY2024 Earnings of $0.19 Per Share

Orezone Gold Co. (CVE:ORE) – Equities researchers at Ventum Cap Mkts raised their FY2024 earnings per share estimates for Orezone Gold in a report issued on Wednesday, August 7th. Ventum Cap Mkts analyst A. Terentiew now anticipates that the company will post earnings of $0.19 per share for the year, up from their prior estimate of $0.18. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share. Ventum Cap Mkts also issued estimates for Orezone Gold’s FY2025 earnings at $0.14 EPS and FY2026 earnings at $0.21 EPS.

Several other analysts also recently issued reports on ORE. Raymond James reduced their price objective on Orezone Gold from C$1.40 to C$1.15 in a research report on Thursday, July 11th. Ventum Financial lowered their target price on Orezone Gold from C$1.70 to C$1.50 in a research note on Thursday, July 11th. TD Securities reduced their target price on Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, CIBC increased their target price on Orezone Gold from C$1.25 to C$1.50 in a report on Wednesday, July 10th.

Orezone Gold Price Performance

Orezone Gold stock opened at C$1.25 on Friday. 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 fifty-two week low of C$0.87 and a fifty-two week high of C$1.70. The stock’s fifty day moving average is C$1.25 and its two-hundred day moving average is C$1.25. The firm has a market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88.

Orezone Gold (CVE:ORE) last announced its quarterly earnings data on Monday, May 13th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The company had revenue of C$87.20 million during the quarter, compared to analysts’ expectations of C$88.32 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.