# Orezone Gold Corporation (ORE.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Basic Materials / Mining & Metals. Price C$2.54, market value C$1.7 billion.

## Valuation
- **P/E (trailing): 10.2×** (5-yr avg 124.4×, 3-yr avg 9.4×). Orezone Gold Corporation trades at 10.2× trailing earnings, well below its own five-year average of 124.4×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 3.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.7×**. Enterprise value is 5.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.4%** (5-yr avg -2.8%). Free cash flow equals 12.4% of the market value, above its five-year average of -2.8%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 9.8%**. The inverse of the P/E: 9.8% of the price is earned each year.

## Profitability
- **Gross margin: 45.0%**. Orezone Gold Corporation keeps 45.0% of revenue after the direct cost of what it sells.
- **Operating margin: 40.6%**. 40.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 17.2%**. 17.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.2%**. 16.2% on shareholders' equity is solid.
- **Return on invested capital: 38.2%**. Return on all capital, debt included, is 38.2%: comfortably above what that capital costs.
- **Return on assets: 17.7%**. Each dollar of assets produces 17.7% of profit.

## Growth
- **Revenue growth (1 yr): 32.8%** (3-yr 105.4%/yr). Revenue grew 32.8% over the last year.
- **EPS growth (1 yr): -15.4%** (3-yr 244.8%/yr). Earnings per share fell 15.4%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.30**. Debt is 0.30 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 14.2×**. Operating profit covers interest 14.2× over, a safe margin.
- **Current ratio: 1.05** (quick 0.72). Current assets cover the next year's liabilities 1.05 times.
- **Altman Z-score: 6.17**. A Z-score of 6.17 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Orezone Gold Corporation does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (4 analysts). 4 analysts cover Orezone Gold Corporation; the consensus is strong_buy, with an average price target of C$5.42 (+114% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 81.6%** (YTD 44.6%, 3-mo 19.6%). The shares are up 81.6% over twelve months including dividends.
- **From 52-week high: -25.3%** (103.2% above the low). Trading 25% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 3.08** (volatility 65%). Beta of 3.08 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ORE.TO · Page: https://foliofundamentals.com/stocks/ore.to

Not investment advice.