Orezone Gold (CVE:ORE) Given a C$1.00 Price Target by Raymond James Analysts

Raymond James set a C$1.00 price target on Orezone Gold (CVE:ORE) in a research note published on Friday, June 28th, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Shares of ORE stock traded down C$0.02 on Friday, reaching C$0.72. The company’s stock had a trading volume of 34,300 shares, compared to its average volume of 141,680. The company has a debt-to-equity ratio of 0.91, a current ratio of 13.11 and a quick ratio of 12.55. Orezone Gold has a 12-month low of C$0.39 and a 12-month high of C$0.76. The firm has a market cap of $152.87 million and a P/E ratio of -9.47. The company has a 50 day simple moving average of C$0.58.

Orezone Gold (CVE:ORE) last issued its quarterly earnings data on Friday, May 24th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.02). On average, analysts predict that Orezone Gold will post -0.05 earnings per share for the current fiscal year.

In other Orezone Gold news, Director Patrick Downey acquired 79,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were bought at an average price of C$0.63 per share, for a total transaction of C$49,770.00. Following the completion of the transaction, the director now owns 3,904,000 shares of the company’s stock, valued at approximately C$2,459,520. Insiders purchased 645,500 shares of company stock worth $317,890 in the last quarter.

Orezone Gold Company Profile

Orezone Gold Corporation engages in the investigation, acquisition, exploration, development, and operation of resource projects. Its principal property is the Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Ottawa, Canada. Orezone Gold Corporation(TSXV:ORE) operates independently of IAMGOLD Burkina Faso Inc as of February 25, 2009.

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