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: 41.20%
• EPS Growth: 77.86%
• Country: CA
• Employees: 776
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.06
• Shares Outstanding: 597,884,800
• 10 Day Avg. Volume: 2,086,821
• 30 Day Avg. Volume: 1,709,958
• 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$2.20
• Price Target Upside: 64.18% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: C$1.50 ▲(11.94% Upside)

Orezone Gold's strong financial performance and attractive valuation are the most significant factors driving the score. The positive technical indicators and solid earnings call further support the stock's potential, despite challenges in cash flow management and increased costs.

Positive Factors

Revenue Growth

Orezone's consistent revenue growth, with a TTM rate of 11.99%, highlights its expanding market reach and effective operations, supporting long-term business sustainability.

Strong Financial Position

Orezone's robust liquidity position, with significant cash reserves and available debt, ensures financial flexibility to support ongoing and future expansion projects.

Hard Rock Expansion Progress

Advancing the hard rock expansion aligns with Orezone's strategy to increase production capacity, enhancing long-term growth prospects and competitive positioning.

Negative Factors

Negative Free Cash Flow

Negative free cash flow due to expansion investments may strain financial resources, potentially impacting the company's ability to fund other strategic initiatives.

Increased All-in Sustaining Costs

Higher production costs can pressure margins, reducing profitability and potentially affecting Orezone's competitive edge in the gold mining industry.

Operational Challenges

Operational disruptions due to power issues can hinder production efficiency, impacting Orezone's ability to meet production targets and maintain cost control.

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 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: 1.34
• 50DMA: Negative
• 100DMA: Positive
• 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 1.34 is below the 20-day moving average (MA) of 1.48, below the 50-day MA of 1.38, and above the 200-day MA of 1.13, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.05 is Neutral, neither overbought nor oversold. The STOCH value of 22.49 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
MND	82 Outperform	―	―	―	―	41.30%	340.97%
ORE	76 Outperform	C$801.17M	6.84	27.51%	―	41.20%	77.86%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GAU	61 Neutral	$829.70M	-92.24	-2.27%	―	196.74%	-165.78%
ASE	49 Neutral	C$1.02B	-6.57	―	―	7.16%	-134.37%
LUM	48 Neutral	―	―	―	―	―	-97.12%
AMRQ	41 Neutral	C$649.37M	-17.25	-14.43%	―	―	12.46%

Orezone Gold Corporate Events

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.

The most recent analyst rating on (TSE:ORE) stock is a Hold with a C$2.10 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold Confirms No Government Equity Purchase in Bomboré Mine

Orezone Gold Corporation has confirmed that the Government of Burkina Faso does not intend to acquire an equity interest in its Bomboré Gold Mine, following a meeting with government officials. This development ensures that Orezone can continue its operations and expansion plans without government ownership interference, maintaining focus on benefiting all project stakeholders.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Orezone Gold stock, see the TSE:ORE Stock Forecast page.

Orezone Gold’s Earnings Call: Solid Growth Amid Challenges

Orezone Gold Corporation’s recent earnings call painted a picture of a company navigating both successes and challenges. The sentiment was generally positive, highlighting a solid operational quarter with strong production and financial metrics. Strategic initiatives such as the ASX listing and progress on expansion projects were noted as significant achievements. However, external factors led to increased costs, impacting free cash flow, though the positive aspects slightly outweighed these challenges.

Orezone Gold Reports High-Grade Mineralization at Bomboré Mine

Orezone Gold Corporation announced promising drill results from its Bomboré Gold Mine, revealing high-grade mineralization below the current life of mine pits. The results indicate potential for expanding the mine’s reserves and increasing production capacity, which could enhance Orezone’s market position and benefit stakeholders.

The most recent analyst rating on (TSE:ORE) stock is a Buy with a C$1.50 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 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.