Raymond James analyst Craig Stanley has maintained their bullish stance on ORE stock, giving a Buy rating yesterday.
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Craig Stanley has given his Buy rating due to a combination of factors including Orezone Gold’s strategic expansion plans and its financial position. Despite recent challenges such as increased all-in sustaining costs (AISC) and lower-than-expected earnings per share, the company’s ongoing Phase II Expansion is a significant positive indicator. The expansion is expected to boost production capacity substantially, with Stage 1 already underway and Stage 2 approved for completion by late 2026.
Additionally, Orezone’s financial health remains robust with $85 million in cash and a manageable level of debt. The company’s commitment to increasing production to 225–250 thousand ounces per year post-expansion, coupled with its solid cash reserves, supports the potential for future growth and profitability, justifying the Buy rating.
Stanley covers the Basic Materials sector, focusing on stocks such as Montage Gold Corp., Torex Gold Resources, and Skeena Resources. According to TipRanks, Stanley has an average return of 19.4% and a 56.22% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$1.50 price target.