Orezone Gold FY2024 EPS Forecast Raised by Raymond James

Orezone Gold Co. (CVE:ORE) – Equities research analysts at Raymond James upped their FY2024 earnings per share estimates for Orezone Gold in a research report issued to clients and investors on Wednesday, January 22nd. Raymond James analyst C. Stanley now expects that the company will post earnings of $0.16 per share for the year, up from their prior estimate of $0.14. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

Orezone Gold (CVE:ORE) last issued its quarterly earnings data 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 period in the previous year, the firm posted $0.01 earnings per share.

Orezone Gold Stock Performance

Shares of ORE stock opened at C$1.25 on Friday. Orezone Gold has a 12-month low of C$0.87 and a 12-month high of C$1.70. The business’s fifty day simple moving average is C$1.25 and its 200-day simple moving average is C$1.25. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. The company has a market cap of C$404.42 million and a PE ratio of -14.88.

Insider Transactions at Orezone Gold

In related news, Director T. Sean Harvey purchased 56,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost 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 stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of C$0.60 per share, for a total transaction of C$99,849.00. Insiders bought a total of 261,500 shares of company stock worth $164,094 over the last three months.

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.