Raymond James Forecasts Stronger Earnings for Orezone Gold

Orezone Gold Co. (CVE:ORE) – Investment analysts at Raymond James raised their Q4 2024 earnings per share estimates for shares of Orezone Gold in a report issued on Wednesday, January 22nd. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of $0.09 for the quarter, up from their previous estimate of $0.07. 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 FY2025 earnings at $0.29 EPS.

Orezone Gold Price Performance

Orezone Gold stock opened at C$1.25 on Thursday. Orezone Gold has a 52 week low of C$0.87 and a 52 week high of C$1.70. The company’s 50 day moving average price is C$1.25 and its two-hundred day moving average price is C$1.25. The stock has a market cap of C$404.42 million and a P/E ratio of -14.88. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21.

Orezone Gold (CVE:ORE) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.03). During the same quarter in the prior year, the company earned $0.01 EPS.

Insider Activity at Orezone Gold

In related news, Director T. Sean Harvey purchased 56,500 shares of the stock in a transaction that occurred on 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 company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of C$0.60 per share, for a total transaction of C$99,849.00. Over the last three months, insiders acquired 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.