TD Securities Cuts Orezone Gold (CVE:ORE) Price Target to C$1.40

Orezone Gold (CVE:ORE) had its price target cut by TD Securities from C$1.65 to C$1.40 in a research note released on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on ORE. Pi Financial cut their price objective on shares of Orezone Gold from C$2.45 to C$2.25 and set a buy rating on the stock in a research report on Thursday, October 26th. CIBC lowered their target price on shares of Orezone Gold from C$2.15 to C$2.00 and set an outperform rating for the company in a research note on Friday, October 13th. Finally, Raymond James lowered their price objective on shares of Orezone Gold from C$2.00 to C$1.75 and set an outperform rating for the company in a research note on Friday, October 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of Buy and an average target price of C$2.13.

Orezone Gold Stock Performance

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

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.