Raymond James Predicts Orezone Gold’s Q4 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:ORE) – Equities research analysts at Raymond James boosted their Q4 2024 earnings per share (EPS) estimates for Orezone Gold in a report released on Monday, January 6th. Raymond James analyst C. Stanley now expects that the company will post earnings per share of $0.07 for the quarter, up from their previous forecast of $0.06. 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 Wednesday. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. Orezone Gold has a 1-year low of C$0.87 and a 1-year high of C$1.70. The stock has a market capitalization of C$404.42 million and a P/E ratio of -14.88. The business has a 50-day moving average price of C$1.25 and a two-hundred day moving average price of C$1.25.

Insider Transactions at Orezone Gold

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

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.