Tiger Brokers

Orezone Gold Upgraded to Outperformer at CIBC

MT Newswires Live
Sep 21

Orezone Gold Corp. (ORE.TO) was upgraded to outperformer from neutral at CIBC Capital Markets.

Analyst Cosmos Chiu raised his price target on shares of the gold mining company to CA$6.00 from CA$3.50 following a recent visit to Orezone's Casa Berardi mine in Quebec.

This coincided with the release of the life-of-mine (LOM) plan, at a preliminary economic study (PEA) level.

"After the mine tour, we believe this PEA only reflects a base case scenario, with significant future upside, as no additional drilling from Orezone was included in this study," Chiu said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10