Brokers Set Expectations for Orezone Gold Co.’s Q3 2022 Earnings (CVE:ORE)

Orezone Gold Co. (CVE:OREGet Rating) – Research analysts at Raymond James lowered their Q3 2022 earnings per share estimates for Orezone Gold in a note issued to investors on Tuesday, April 19th. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.03. Raymond James currently has a “Strong-Buy” rating and a $2.40 price target on the stock. Raymond James also issued estimates for Orezone Gold’s FY2022 earnings at $0.01 EPS and FY2023 earnings at $0.04 EPS.

Shares of ORE opened at C$1.25 on Thursday. The company has a market capitalization of C$404.42 million and a PE ratio of -14.88. Orezone Gold has a one year low of C$0.87 and a one year high of C$1.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. The company’s fifty day moving average price is C$1.25 and its 200 day moving average price is C$1.23.

Orezone Gold (CVE:OREGet Rating) last announced its earnings results on Thursday, March 24th. The company reported C($0.02) EPS for the quarter.

Orezone Gold Company Profile (Get Rating)

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.

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