Orezone Gold (ORE) AI Stock Analysis

• Market Cap: C$638.41M
• Dividend Yield: N/A
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 6.4
• Beta (1Y): 1.94
• Revenue Growth: 22.51%
• EPS Growth: 56.77%
• Country: CA
• Employees: 776
• Sector: Basic Materials
• Sector Strength: 69
• Industry: Gold
• EPS (TTM): 0.04
• Shares Outstanding: 532,010,000
• 10 Day Avg. Volume: 983,124
• 30 Day Avg. Volume: 1,074,124
• PEG Ratio: 0.08
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 39.09
• Enterprise Value/Market Cap: 0.67
• Enterprise Value/Revenue: 0.41
• Enterprise Value/Gross Profit: 3.61
• Enterprise Value/Ebitda: 1.01
• 1Y Price Target: C$2.03
• Price Target Upside: 69.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: C$1.50 ▲(25.00%Upside)

Orezone Gold's overall stock score is bolstered by strong financial performance and an attractive valuation. Technical analysis presents mixed signals, suggesting potential near-term volatility. The earnings call and corporate events provide a positive outlook but are tempered by safety concerns and potential cost pressures.

Positive Factors

Financial Performance

Revenue and quarter end cash balance are stronger due to a higher gold price.

Operational Efficiency

Mined tonnage was ahead of plan, putting the company on strong footing to achieve 2025 guidance.

Project Progress

Stage I Hard Rock expansion remains ahead of schedule and is on track for first gold pour and plant commissioning.

Negative Factors

Project Completion

Completion of Stage 1 of the hard rock expansion is at 45% and aligns with budget and schedule, with first gold pour planned for Q4/25.

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 a strong financial performance with substantial revenue growth and profitability. The transition from no revenue to profitable operations highlights successful strategic execution. Despite some leverage concerns and rising costs, the overall financial health is solid, with improvements in equity and free cash flow generation.

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

Orezone Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.20
• 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 1.2 is above the 20-day moving average (MA) of 1.13, above the 50-day MA of 1.20, and above the 200-day MA of 0.91, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 55.24 is Neutral, neither overbought nor oversold. The STOCH value of 56.25 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	73 Outperform	C$444.91M	5.56	25.03%	―	41.30%	340.97%
ORE	71 Outperform	C$638.41M	6.40	25.43%	―	22.51%	56.77%
GAU	61 Neutral	C$525.38M	64.72	-7.13%	―	644.76%	-80.13%
ASE	54 Neutral	C$846.93M	―	-2232.66%	―	13.51%	3.80%
Sector *	44 Neutral	AU$1.50B	-6.14	-41.37%	3.91%	-3.45%	-43.04%
AMRQ	41 Neutral	C$635.75M	―	-11.37%	―	―	-2270.97%

Orezone Gold Corporate Events

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.

Orezone Gold Reports Fatality at Bomboré Mine Construction Site

Orezone Gold Corporation reported a fatality at its Bomboré Gold Mine’s Stage I hard rock plant construction site, involving a contractor’s employee in a vehicle-related incident. The company is collaborating with authorities to investigate the incident, emphasizing its commitment to safety and extending condolences to the affected family and colleagues.

Orezone Gold to Announce Q1-2025 Results and Host Conference Call

Orezone Gold Corporation announced it will release its first quarter 2025 results on May 14, 2025, followed by a conference call and webcast. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and operational progress, particularly concerning the Bomboré Gold Mine’s hard rock expansion, which is expected to enhance production capabilities.

Orezone Gold Expands Market Reach with Australian Block Trade

Orezone Gold Corporation announced a block trade of 40 million shares by Resource Capital Fund VII L.P. to Australian institutional funds, aligning with its plan for a secondary listing on the Australian Securities Exchange by June 2025. This strategic move is expected to enhance Orezone’s market profile and liquidity, increasing the share of Australian institutional investors from the current 14%. RCF remains a significant shareholder, supporting Orezone’s ongoing expansion at the Bomboré Gold Mine.