Orezone Gold (CVE:ORE) Price Target Raised to C$4.25

Orezone Gold (CVE:ORE) had its price objective lifted by National Bank Financial from C$4.00 to C$4.25 in a research note issued to investors on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.

Separately, Canadian Imperial Bank of Commerce raised shares of Orezone Gold from a “hold” rating to an “outperformer” rating and lifted their price objective for the stock from C$3.50 to C$6.00 in a research report on Monday, September 21st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$4.33.

Orezone Gold Stock Performance

CVE ORE opened at C$1.25 on Thursday. The company’s 50-day moving average price is C$1.25 and its 200-day moving average price is C$1.25. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. The stock has a market cap of C$404.42 million and a PE ratio of -14.88. Orezone Gold has a 12 month low of C$0.87 and a 12 month high of C$1.70.

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.