National Bank Financial Increases Orezone Gold (CVE:ORE) Price Target to C$4.25

Orezone Gold (CVE:ORE) had its target price increased by investment analysts at National Bank Financial from C$4.00 to C$4.25 in a report released on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 240.00% from the stock’s previous close.

Separately, Canadian Imperial Bank of Commerce raised shares of Orezone Gold from a “hold” rating to an “outperformer” rating and boosted their target price for the stock from C$3.50 to C$6.00 in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$4.33.

Orezone Gold Price Performance

Shares of CVE:ORE remained flat at C$1.25 during trading on Thursday. 149,842 shares of the stock were exchanged, compared to its average volume of 229,152. Orezone Gold has a 12 month low of C$0.87 and a 12 month high of C$1.70. The stock has a market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88. 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 firm’s 50 day moving average is C$1.25 and its two-hundred day moving average is C$1.25.

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.