FY2024 EPS Estimates for Orezone Gold Cut by Raymond James

Orezone Gold Co. (CVE:ORE) – Stock analysts at Raymond James cut their FY2024 earnings per share estimates for shares of Orezone Gold in a research report issued to clients and investors on Monday, January 6th. Raymond James analyst C. Stanley now expects 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 Stock Performance

Shares of CVE:ORE opened at C$1.25 on Thursday. Orezone Gold has a twelve month low of C$0.87 and a twelve month high of C$1.70. The business has a fifty day moving average of C$1.25 and a 200-day moving average of C$1.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.30 and a current ratio of 2.56. The firm has a market cap of C$404.42 million and a PE ratio of -14.88.

Insider Activity

In related news, Director T. Sean Harvey acquired 56,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of C$0.71 per share, for a total transaction of C$40,284.50. Also, Director Patrick Downey purchased 166,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of C$0.60 per share, with a total value of C$99,849.00. Insiders have bought 261,500 shares of company stock valued at $164,094 over the last 90 days.

Orezone Gold Company Profile

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.