Orezone Gold (CVE:ORE) Price Target Raised to C$3.50 at National Bank Financial

Orezone Gold (CVE:ORE – Get Free Report) had its target price upped by investment analysts at National Bank Financial from C$3.25 to C$3.50 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 180.00% from the stock’s previous close.

Orezone Gold Stock Performance

CVE ORE remained flat at C$1.25 during mid-day trading on Friday. 149,842 shares of the company were exchanged, compared to its average volume of 229,152. The firm 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 current ratio of 2.56 and a quick ratio of 2.30. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70. The firm’s fifty day simple moving average is C$1.25 and its two-hundred day simple moving average is C$1.25.

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Orezone Gold Company Profile

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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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