Orezone Gold (ORE) AI Stock Analysis

• Market Cap: C$801.17M
• Dividend Yield: N/A
• Average Volume (3M): 1.71M
• Price to Earnings (P/E): 6.8
• Beta (1Y): 2.05
• Revenue Growth: 34.05%
• EPS Growth: 80.47%
• Country: CA
• Employees: 776
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.01
• Shares Outstanding: 597,884,800
• 10 Day Avg. Volume: 2,086,821
• 30 Day Avg. Volume: 1,709,958
• PEG Ratio: 0.19
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 0.64
• P/FCF Ratio: 16.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.45
• Price Target Upside: 50.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: C$2.00 ▲(22.70% Upside)

Orezone Gold's overall stock score is driven by strong financial performance and technical indicators, suggesting a positive outlook. The company's valuation is attractive, and despite some operational challenges, the future production increase and reduced volatility are promising. Attention to cash flow management is crucial for sustained growth.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective execution of business strategies, supporting long-term financial health.

Production Expansion

Completion of Stage 1 expansion sets the stage for increased production capacity, enhancing revenue potential and operational efficiency.

Strong Financial Position

A robust financial position with significant cash reserves provides flexibility for future investments and cushions against market volatility.

Negative Factors

Cash Flow Challenges

Negative free cash flow growth can constrain the company's ability to invest in growth opportunities and may impact long-term financial stability.

Increased Costs

Rising costs can pressure profit margins and reduce competitiveness, potentially impacting the company's long-term profitability.

Operational Delays

Weather-related operational delays can disrupt production schedules, affecting revenue and increasing operational risk over time.

Orezone Gold Business Overview & Revenue Model

Company Description

Orezone Gold Corporation engages in the exploration and development of gold properties. Its flagship property is the 90%-owned Bomboré gold project comprising a block of contiguous permits covering an area of 15,029 ha located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Orezone Gold generates revenue primarily through the exploration, development, and potential production of gold from its mining projects. The key revenue stream is anticipated to come from the sale of gold once the Bomboré Gold Project reaches commercial production. This will involve extracting gold ore, processing it at their facilities, and selling the refined gold on the open market. The company may also engage in partnerships with other mining firms or enter joint ventures to enhance its operational capabilities and reduce financial risk. Additionally, Orezone may benefit from favorable gold prices, which can significantly impact its earnings. The company's strategic focus on optimizing production efficiency and managing costs will also contribute to its profitability.

Orezone Gold Financial Statement Overview

Summary

Orezone Gold demonstrates strong revenue growth and profitability, supported by efficient operations and improved financial stability. However, challenges remain in cash flow management, particularly in generating free cash flow. Continued focus on optimizing cash flow and maintaining leverage will be crucial for sustaining growth and financial health.

Income Statement

Orezone Gold has shown strong revenue growth with a TTM revenue growth rate of 11.99%. The company maintains healthy margins with a gross profit margin of 42.91% and a net profit margin of 19.90% in the TTM period. EBIT and EBITDA margins are also robust at 33.47% and 45.56%, respectively, indicating efficient operations. The consistent improvement in revenue and profitability metrics over the years highlights a positive growth trajectory.

Balance Sheet

The company has improved its financial stability with a reduced debt-to-equity ratio of 0.31 in the TTM period, down from 1.55 in 2022. Return on equity is strong at 29.23%, reflecting effective use of equity to generate profits. The equity ratio stands at 60.77%, indicating a solid equity base relative to total assets. However, the company should continue to monitor its leverage to maintain financial flexibility.

Cash Flow

Orezone Gold's cash flow performance shows mixed results. The operating cash flow to net income ratio is stable at 0.69, but free cash flow growth has been negative, with a significant decline of 87.26% in the TTM period. The free cash flow to net income ratio is low at 0.19, suggesting limited free cash flow generation relative to net income. The company needs to focus on improving its free cash flow to support future investments and debt repayments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	338.01M	283.52M	271.49M	43.43M	0.00	0.00
Gross Profit	150.28M	117.71M	126.85M	16.66M	-258.00K	0.00
EBITDA	156.69M	126.53M	111.50M	6.40M	-8.50M	-18.57M
Net Income	67.41M	55.71M	43.15M	930.00K	-18.60M	-17.66M
Balance Sheet
Total Assets	598.50M	448.58M	320.08M	252.28M	140.50M	12.99M
Cash, Cash Equivalents and Short-Term Investments	85.33M	74.02M	19.48M	9.16M	36.08M	8.87M
Total Debt	77.38M	81.06M	93.40M	122.87M	46.41M	167.63K
Total Liabilities	221.49M	184.57M	173.72M	181.95M	86.62M	3.30M
Stockholders Equity	372.26M	257.78M	148.87M	79.12M	63.98M	19.70M
Cash Flow
Free Cash Flow	-44.40M	10.69M	35.40M	-99.47M	-82.87M	-17.79M
Operating Cash Flow	74.90M	57.70M	79.95M	6.58M	-5.94M	-17.33M
Investing Cash Flow	-117.74M	-45.97M	-43.78M	-105.98M	-76.75M	-286.97K
Financing Cash Flow	60.27M	45.07M	-25.38M	74.03M	108.49M	14.89M

Orezone Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ORE, the sentiment is Positive. The current price of 1.63 is above the 20-day moving average (MA) of 1.53, above the 50-day MA of 1.49, and above the 200-day MA of 1.23, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 58.40 is Neutral, neither overbought nor oversold. The STOCH value of 73.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ORE.

Orezone Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MND	82 Outperform	―	―	―	―	41.30%	340.97%
ORE	77 Outperform	C$801.17M	6.84	22.92%	―	34.05%	80.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GAU	61 Neutral	$859.91M	-13.44	-20.37%	―	114.30%	-2606.59%
ASE	61 Neutral	C$1.02B	-6.57	-1186.80%	―	8.01%	-816.99%
LUM	48 Neutral	―	―	―	―	―	-97.12%
AMRQ	41 Neutral	C$649.37M	-17.25	-10.64%	―	―	54.00%

Orezone Gold Corporate Events

Orezone Gold Advances Bomboré Mine with High-Grade Drill Results and New Plant Commissioning

Orezone Gold Corporation has reported successful high-grade drill results from the P17 Zone at its Bomboré Gold Mine, indicating strong mineralization continuity. The company is advancing the commissioning of its new hard rock plant, with first gold production expected soon, marking a significant production increase and cash flow milestone.

Orezone Gold Reports Robust Q3 2025 Results and Promising Outlook

Orezone Gold Corporation reported its third-quarter 2025 financial results, highlighting a gold production of 23,371 ounces and revenue of $68.9 million. The company maintained strong liquidity with $115.3 million available, and its Stage 1 hard rock expansion is on track to increase production significantly in 2026. The commencement of hard rock processing is expected to enhance production in the fourth quarter, positioning Orezone for a promising year ahead amid favorable gold prices.

Orezone Gold to Announce Q3 2025 Results Amid Expansion Progress

Orezone Gold Corporation announced it will release its third quarter 2025 financial results on November 12, 2025, followed by a conference call and webcast. The completion of stage 1 hard rock expansion at the Bomboré Gold Mine is expected to significantly boost production levels, with further expansion plans underway to enhance output.

Orezone Gold Reports Q3-2025 Production and Expansion Progress

Orezone Gold Corporation announced its Q3-2025 gold production results and provided an update on its stage 1 hard rock expansion at the Bomboré Gold Mine. The company produced 23,371 ounces of gold and reported a cash balance of $85.3 million. Despite weather-related challenges affecting Q3 production, Orezone anticipates a strong Q4 and remains on track to meet its 2025 production guidance. The hard rock expansion is nearing completion, with commissioning expected in November, which is projected to increase gold production by approximately 45% in 2026. This expansion is expected to significantly enhance cash flows and position the company favorably in a rising gold price environment.