FY2024 EPS Estimates for Orezone Gold Reduced by Analyst

Orezone Gold Co. (CVE:ORE) – Equities research analysts at Raymond James dropped their FY2024 earnings estimates for shares of Orezone Gold in a report issued on Monday, January 6th. Raymond James analyst C. Stanley now forecasts that the company will post earnings of $0.14 per share for the year, down from their previous estimate of $0.17. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

Orezone Gold Price Performance

ORE opened at C$1.25 on Thursday. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is C$1.25 and its 200 day moving average price is C$1.25. Orezone Gold has a fifty-two week low of C$0.87 and a fifty-two week high of C$1.70. The firm has a market cap of C$404.42 million and a price-to-earnings ratio of -14.88.

Insider Activity

In other Orezone Gold news, Director T. Sean Harvey purchased 56,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of C$0.71 per share, with a total value of C$40,284.50. Also, Director Patrick Downey acquired 166,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of C$0.60 per share, with a total value of C$99,849.00. Over the last ninety days, insiders purchased 261,500 shares of company stock valued at $164,094.

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.