Q3 EPS Estimates for Orezone Gold Lifted by Raymond James

Orezone Gold Co. (CVE:ORE) – Research analysts at Raymond James boosted their Q3 2024 earnings per share (EPS) estimates for shares of Orezone Gold in a note issued to investors on Monday, October 28th. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $0.06 per share for the quarter, up from their prior forecast of $0.05. 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 Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.07 EPS and FY2025 earnings at $0.25 EPS.

Other research analysts have also recently issued reports about the company. CIBC lifted their price objective on Orezone Gold from C$1.25 to C$1.50 in a research report on Wednesday, July 10th. Ventum Financial lowered their price objective on Orezone Gold from C$1.70 to C$1.50 in a research report on Thursday, July 11th.

Orezone Gold Price Performance

ORE stock opened at C$1.25 on Wednesday. Orezone Gold has a twelve month low of C$0.87 and a twelve month high of C$1.70. 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 stock has a market cap of C$404.42 million and a P/E ratio of -14.88. The business’s 50-day moving average price is C$1.25 and its 200-day moving average price is C$1.25.

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

Insider Buying and Selling

In other Orezone Gold news, insider Resource Capital Fund VII L.P. purchased 717,327 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average cost of C$0.76 per share, with a total value of C$544,755.34.

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.