Orezone Gold (ORE) AI Stock Analysis

• Market Cap: C$681.49M
• Dividend Yield: N/A
• Average Volume (3M): 936.33K
• Price to Earnings (P/E): 5.9
• Beta (1Y): 1.95
• Revenue Growth: 41.20%
• EPS Growth: 77.86%
• Country: CA
• Employees: 776
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): 0.06
• Shares Outstanding: 597,799,440
• 10 Day Avg. Volume: 1,551,387
• 30 Day Avg. Volume: 936,326
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$1.76
• Price Target Upside: 51.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 76 Outperform
• Price Target: C$1.50 ▲(29.31% Upside)

Orezone Gold's overall stock score is driven by strong financial performance and attractive valuation, despite challenges in cash flow management. The earnings call provided a positive outlook with strategic expansions and solid production metrics. Technical analysis shows mixed signals, but the stock's long-term support remains intact.

Positive Factors

Financial Performance

Revenue and cash balance are stronger due to a higher gold price, boosting financial health.

Operational Efficiency

Management noted that mined tonnage was ahead of plan, enhancing the company's ability to meet future guidance.

Project Expansion

Stage I Hard Rock expansion is ahead of schedule, signaling efficient project management.

Negative Factors

Project Completion Risks

Completion of Stage 1 of the hard rock expansion is only at 45%, which might pose challenges to meet the planned budget and schedule.

Orezone Gold Business Overview & Revenue Model

Company Description

Orezone Gold Corporation (ORE) is a Canadian-based mining company that focuses on the exploration and development of gold properties in West Africa. The company's primary asset is the Bomboré Gold Project, located in Burkina Faso, which is one of the largest undeveloped gold deposits in the region. Orezone is committed to advancing this project towards production, while also maintaining a commitment to sustainable and socially responsible mining practices.

How the Company Makes Money

Orezone Gold Corporation generates revenue primarily through the exploration, development, and eventual production of gold from its mining assets. The company's key revenue stream is expected to come from the sale of gold extracted from the Bomboré Gold Project. As the project advances to production, Orezone will sell the gold to various buyers, including refineries and gold traders, which will in turn contribute to its earnings. Significant factors contributing to its future earnings include the successful ramp-up of production at Bomboré, fluctuations in global gold prices, and efficient cost management. Additionally, Orezone may engage in strategic partnerships or joint ventures to enhance its operational capabilities and financial performance.

Orezone Gold Financial Statement Overview

Summary

Orezone Gold demonstrates strong financial performance with significant revenue growth and profitability. The transition from no revenue to a profitable operation highlights successful strategic execution. However, rising costs and moderate leverage pose some risks, requiring continued focus on cost control and debt management.

Income Statement

The income statement shows strong revenue growth, particularly from 2021 to 2023, as the company transitioned from zero revenue to substantial earnings. Gross and net profit margins are healthy, indicating efficient operations and cost management. However, the gross profit margin decreased slightly from the previous year, which could suggest rising costs. EBIT and EBITDA margins are robust, supporting profitability. Overall, the company exhibits positive revenue and profit growth trends.

Balance Sheet

The balance sheet reveals a significant improvement in stockholders' equity, enhancing financial stability. The debt-to-equity ratio remains manageable but indicates moderate leverage, which poses some risk. The equity ratio has improved over time, reflecting a better capital structure. However, the total liabilities have increased, which could impact future financial flexibility.

Cash Flow

Cash flow analysis indicates positive free cash flow, a significant improvement from the negative figures in prior years. The operating cash flow to net income ratio is favorable, suggesting effective cash generation from operations. Nevertheless, there is a decline in operating cash flow compared to the previous year, which warrants attention for sustained operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	337.72M	283.52M	271.49M	43.43M	0.00	0.00
Gross Profit	146.18M	117.71M	126.85M	16.66M	-258.00K	0.00
EBITDA	150.93M	126.53M	111.50M	4.25M	-8.50M	-18.34M
Net Income	66.96M	55.71M	43.15M	930.00K	-18.60M	-17.66M
Balance Sheet
Total Assets	536.57M	448.58M	320.08M	252.28M	140.50M	12.99M
Cash, Cash Equivalents and Short-Term Investments	72.59M	74.02M	19.48M	9.16M	36.08M	8.87M
Total Debt	68.52M	81.06M	93.40M	122.87M	46.41M	167.63K
Total Liabilities	200.14M	184.57M	173.72M	181.95M	86.62M	3.30M
Stockholders Equity	326.12M	257.78M	148.87M	79.12M	63.98M	19.70M
Cash Flow
Free Cash Flow	1.55M	10.69M	35.40M	-99.47M	-82.87M	-17.79M
Operating Cash Flow	88.17M	57.70M	79.95M	6.58M	-5.94M	-17.33M
Investing Cash Flow	-84.98M	-45.97M	-43.78M	-105.98M	-76.75M	-286.97K
Financing Cash Flow	56.15M	45.07M	-25.38M	74.03M	108.49M	14.89M

Orezone Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.16
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 Neutral. The current price of 1.16 is below the 20-day moving average (MA) of 1.17, above the 50-day MA of 1.15, and above the 200-day MA of 0.97, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.18 is Neutral, neither overbought nor oversold. The STOCH value of 35.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ORE.

Orezone Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORE	76 Outperform	C$681.49M	5.92	27.51%	―	41.20%	77.86%
Sector *	61 Neutral	$10.26B	6.17	0.86%	2.93%	3.10%	-36.03%
GAU	―	$556.78M	64.86	-2.27%	―	―	―
MND	82 Outperform		―		―	41.30%	340.97%
ASE	55 Neutral	C$836.91M	―	-2232.66%	―	13.51%	3.80%
LUM	48 Neutral		―		―	―	-97.12%
AMRQ	41 Neutral	C$522.22M	―	-14.43%	―	―	12.46%

Orezone Gold Corporate Events

Orezone Gold Reports Strong Q2 2025 Results and Expansion Progress

Orezone Gold Corporation reported its second quarter 2025 results, highlighting a gold production of 27,548 ounces and revenue of $94.5 million. The company is advancing its growth initiatives, with the stage 1 hard rock expansion at 63% completion and expected to increase production significantly by 2026. Despite external challenges affecting costs, the company remains on track with its expansion plans, aiming to boost production to 220,000-250,000 ounces annually.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold Begins Trading on ASX, Plans Expansion

Orezone Gold Corporation has announced its commencement of trading on the Australian Securities Exchange under the ticker ‘ORE’, marking a significant milestone for the company. This listing is expected to broaden its investor base and enhance its capital markets profile. The proceeds from a recent IPO will support the acceleration of the stage 2 hard rock expansion at the Bomboré Gold Mine, aiming to boost production to 220,000-250,000 ounces annually, with a long-term goal of increasing the global resource base to 7-10 million ounces.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold to Announce Q2-2025 Results Amid Expansion Progress

Orezone Gold Corporation announced it will release its Q2-2025 financial results on August 13, 2025, followed by an investor conference call. The company is progressing with its hard rock expansion projects at the Bomboré Gold Mine, with expectations to enhance production capacity and impact its market position positively.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold Completes IPO on ASX, Eyes Expansion

Orezone Gold Corporation has successfully completed its initial public offering on the Australian Securities Exchange, raising A$75 million. The proceeds will fund the advancement of stage 2 of the hard rock expansion at the Bomboré Mine and exploration efforts. This move is expected to enhance Orezone’s gold production profile and deliver long-term value to shareholders.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold Seeks A$75 Million in ASX Listing to Boost Gold Production

Orezone Gold Corporation has lodged a prospectus with the Australian Securities and Investments Commission to raise A$75 million through an initial public offering on the Australian Securities Exchange. This move is expected to enhance the company’s profile by broadening its shareholder base and increasing trading liquidity. The funds will be used for the stage 2 expansion of the Bomboré Mine, which aims to significantly boost gold production, and for ongoing exploration and operational purposes.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$2.25 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold Reports Q2-2025 Production and Expansion Progress

Orezone Gold Corporation reported its Q2-2025 gold production results and provided an update on the stage 1 hard rock expansion at its Bomboré Gold Mine. The company produced 27,548 ounces of gold and sold 28,265 ounces, generating $94.3 million in revenue. The hard rock expansion is on schedule for completion in Q4-2025, which is expected to significantly increase production. Orezone is also planning a stage 2 expansion to further boost output, positioning the company for substantial growth in the coming years.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.15 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold Corporation Shareholders Approve Key Resolutions at Annual Meeting

Orezone Gold Corporation announced that all resolutions at its annual general and special meeting of shareholders were approved, with 62.76% of shares represented. Key decisions included the election of directors, reapproval of the stock option plan, and appointment of Deloitte LLP as auditors. This approval supports Orezone’s strategic focus on expanding its Bomboré Gold Mine operations and maintaining strong governance practices.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.15 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold Unveils Promising High-Grade Mineralization at Bomboré

Orezone Gold Corporation announced further high-grade mineralization at its Bomboré Gold Mine, indicating significant exploration potential. The latest drill results reveal that the Bomboré gold system remains open for expansion, with notable high-grade intercepts that suggest potential for future higher-grade underground mining, enhancing the company’s long-term resource base and production capacity.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.15 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold Reports Strong Q1 2025 Results and Expansion Progress

Orezone Gold Corporation reported positive financial and operational results for the first quarter of 2025, with gold production of 28,688 ounces and revenue of $82.7 million. The company achieved significant milestones, including a safety record at the Bomboré Mine and progress on the hard rock expansion, which is on track for completion by Q4-2025. Orezone is also advancing its secondary listing on the Australian Securities Exchange and has secured additional funding to potentially fast-track further expansion, aiming to increase annual production significantly.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.15 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.