TSXV:ORE

Stock Analysis Report

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Executive Summary

Orezone Gold Corporation engages in the acquisition, exploration, and development of resource properties. More Details


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Orezone Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ORE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ORE's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

4.1%

ORE

0.2%

CA Metals and Mining

0.4%

CA Market


1 Year Return

129.5%

ORE

33.1%

CA Metals and Mining

11.1%

CA Market

Return vs Industry: ORE exceeded the Canadian Metals and Mining industry which returned 31.2% over the past year.

Return vs Market: ORE exceeded the Canadian Market which returned 10.1% over the past year.


Shareholder returns

OREIndustryMarket
7 Day4.1%0.2%0.4%
30 Day1.0%-0.5%3.2%
90 Day9.8%3.2%7.3%
1 Year129.5%129.5%34.2%33.1%15.2%11.1%
3 Year24.7%24.7%46.1%43.0%24.7%12.9%
5 Year146.3%146.3%89.9%84.1%60.1%35.9%

Long-Term Price Volatility Vs. Market

How volatile is Orezone Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Orezone Gold undervalued compared to its fair value and its price relative to the market?

8.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ORE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ORE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ORE is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

PE vs Market: ORE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ORE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ORE is overvalued based on its PB Ratio (8.7x) compared to the CA Metals and Mining industry average (3.2x).


Next Steps

Future Growth

How is Orezone Gold forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

118.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: ORE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ORE's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if ORE's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if ORE's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ORE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Orezone Gold performed over the past 5 years?

-28.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORE is currently unprofitable.

Growing Profit Margin: ORE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ORE is unprofitable, and losses have increased over the past 5 years at a rate of 28.9% per year.

Accelerating Growth: Unable to compare ORE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ORE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (66.6%).


Return on Equity

High ROE: ORE has a negative Return on Equity (-138.93%), as it is currently unprofitable.


Next Steps

Financial Health

How is Orezone Gold's financial position?


Financial Position Analysis

Short Term Liabilities: ORE's short term assets ($12.9M) exceed its short term liabilities ($1.5M).

Long Term Liabilities: ORE's short term assets ($12.9M) exceed its long term liabilities ($176.7K).


Debt to Equity History and Analysis

Debt Level: ORE is debt free.

Reducing Debt: ORE has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ORE has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ORE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Orezone Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ORE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ORE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ORE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ORE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ORE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Paddy Downey (60 yo)

3.75yrs

Tenure

US$378,082

Compensation

Mr. Patrick G. Downey, also known as Paddy, P.Eng, is President and Chief Executive Officer at Orezone Gold Corporation since May 22, 2017 and has been its Director since April 5, 2011. Mr. Downey served a...


CEO Compensation Analysis

Compensation vs Market: Paddy's total compensation ($USD378.08K) is about average for companies of similar size in the Canadian market ($USD421.32K).

Compensation vs Earnings: Paddy's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Downey
President3.75yrsUS$378.08k1.48%
$ 4.9m
Peter Tam
Chief Financial Officer2.92yrsUS$276.67k0.031%
$ 102.0k
Ryan Goodman
Vice President Legal & Administration1.92yrsUS$251.03k0.10%
$ 336.4k
Louis Archambeault
Vice President of Corporate Development & Strategy2.08yrsUS$261.25k0.18%
$ 578.3k
Vanessa Pickering
Manager of Investor Relations1.83yrsno data0.0049%
$ 16.2k
Ian Chang
Vice President of Projects1.25yrsno data0.012%
$ 40.8k

2.0yrs

Average Tenure

Experienced Management: ORE's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Downey
President3.75yrsUS$378.08k1.48%
$ 4.9m
Joseph Conway
Independent Director6.33yrsUS$68.05k0.20%
$ 646.0k
Charles Oliver
Independent Director3.58yrsUS$68.05k0.031%
$ 102.0k
Michael Halvorson
Independent Chairman of the Board3.75yrsUS$97.26k1.47%
$ 4.8m
Kate Harcourt
Independent Director2.67yrsUS$68.05k0.0093%
$ 30.6k
Ronald Batt
Independent Director7.75yrsUS$71.91k0.19%
$ 612.0k
Stephen Axcell
Independent Director2.67yrsUS$66.13kno data
Marco LoCascio
Independent Director2.67yrsUS$66.13k0.15%
$ 489.6k

3.7yrs

Average Tenure

60yo

Average Age

Experienced Board: ORE's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ORE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.7%.


Top Shareholders

Company Information

Orezone Gold Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Orezone Gold Corporation
  • Ticker: ORE
  • Exchange: TSXV
  • Founded: 2008
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$329.354m
  • Shares outstanding: 322.90m
  • Website: https://www.orezone.com

Number of Employees


Location

  • Orezone Gold Corporation
  • 1111 Melville Street
  • Suite 910
  • Vancouver
  • British Columbia
  • V6E 3V6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORETSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 2009
OEXDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2009
ORZC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2009

Biography

Orezone Gold Corporation engages in the acquisition, exploration, and development of resource properties. Its flagship property is the 90%-owned Bomboré gold project located in Burkina Faso, West Africa. T...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 23:10
End of Day Share Price2021/02/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.