Orezone Gold FY2024 EPS Estimate Raised by Raymond James

Orezone Gold Co. (CVE:ORE) – Raymond James boosted their FY2024 earnings per share (EPS) estimates for Orezone Gold in a report released on Wednesday, January 22nd. Raymond James analyst C. Stanley now forecasts that the company will earn $0.16 per share for the year, up from their previous forecast of $0.14. The consensus estimate for Orezone Gold’s current full-year earnings is $0.13 per share.

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

Orezone Gold Stock Performance

Shares of Orezone Gold stock opened at C$1.25 on Friday. The company has a 50-day moving average of C$1.25 and a two-hundred day moving average of C$1.25. The stock has a market cap of C$404.42 million and a PE ratio of -14.88. 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 12-month low of C$0.87 and a 12-month high of C$1.70.

Insider Activity at Orezone Gold

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

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.