FY2024 EPS Estimates for Orezone Gold Cut by Raymond James

Orezone Gold Co. (CVE:ORE) – Analysts at Raymond James cut their FY2024 earnings per share estimates for Orezone Gold in a note issued to investors on Monday, January 6th. Raymond James analyst C. Stanley now anticipates 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. The stock has a market cap of C$404.42 million and a P/E ratio of -14.88. Orezone Gold has a 52-week low of C$0.87 and a 52-week high of C$1.70. The firm has a 50 day moving average price of C$1.25 and a two-hundred day moving average price 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.

Insider Buying and Selling at Orezone Gold

In other news, Director T. Sean Harvey bought 56,500 shares of the stock in a transaction dated Monday, November 11th. The stock was bought at an average price of C$0.71 per share, for a total transaction of C$40,284.50. Also, Director Patrick Downey acquired 166,000 shares of Orezone Gold stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of C$0.60 per share, with a total value of C$99,849.00. Over the last quarter, insiders have bought 261,500 shares of company stock valued at $164,094.

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.