Orezone Gold (CVE:ORE) Upgraded at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce upgraded shares of Orezone Gold (CVE:ORE) from a hold rating to an outperformer rating in a report released on Monday, MarketBeat.com reports. The firm currently has C$6.00 target price on the stock, up from their prior target price of C$3.50.

Separately, National Bank Financial lifted their target price on shares of Orezone Gold from C$3.25 to C$3.50 and gave the company an “outperform” rating in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Orezone Gold has a consensus rating of “Buy” and an average target price of C$4.08.

Orezone Gold Price Performance

CVE:ORE opened at C$1.25 on Monday. Orezone Gold has a 52 week low of C$0.87 and a 52 week high of C$1.70. The stock’s fifty day moving average is C$1.25 and its two-hundred day moving average is C$1.25. The company has a market capitalization of C$404.42 million and a P/E ratio of -14.88. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21.

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.