Orezone Gold Corporation (ORE) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Orezone Gold Corporation stock A$2.04, price A$2.90, that is 29.7% below the price, quality 44 out of 100. Rating: overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
15‑month range A$1.14 – A$3.36 · fair‑value band A$1.53 – A$2.56 · the A$2.90 price screens above the A$2.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Orezone Gold Corporation engages in the mining, exploration, and development of gold properties.
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Its flagship property is the 90% owned Bomboré gold project, which covers an area of approximately 12,963 hectares comprising one industrial operating permit and four mining exploration permits located in Burkina Faso, West Africa.
Orezone Gold Corporation was incorporated in 2008 and is headquartered in Vancouver, Canada.
Stock analysis
Orezone Gold Corporation (ORE) currently trades at A$2.90, while our model-based Fair Value estimate is A$2.04, 30% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of A$6.09 per share, and 7 of the 14 models we run sit above the A$2.90 price.
Bear case: the Asset-Based group reads lowest at A$0.5800, and 7 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: A$1.53 (bear) to A$2.56 (bull), the price of A$2.90 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Orezone Gold Corporation reported revenue of $377M in FY2025 versus $0 in FY2021. Reported net income was $64.9M in FY2025.
Key figures
Market cap A$2.1B (≈ $1.5B) Small · P/E ratio 10.7 · P/S ratio 1.85 · EPS (TTM) A$0.2700 · Net margin 17.2% · Return on equity 30.5% · Return on assets (EBIT) 13.2% (5-year average) · Operating margin 35.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 79 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 111% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −30%, ORE screens richer than that median.
Fair Value models
BearA$1.53Fair Value A$2.04BullA$2.56
Price A$2.90 · Downside -29.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (A$0.2315 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPVA$1.75A$1.96A$2.1474
Residual IncomeA$0.8300A$1.04A$1.5273
ROIC CompounderA$2.20A$3.13A$3.9769
All 14 models by family
Earnings-Based
Graham-DoddA$0.9600A$6.70A$9.4161
Lynch FVA$3.46A$4.95A$6.4359
PEG = 1.0A$3.46A$4.95A$6.4355
EPVA$1.75A$1.96A$2.1474
Multiples
P/E MultipleA$1.80A$2.40A$3.0063
P/S MultipleA$0.9200A$1.23A$1.5458
P/B MultipleA$1.96A$2.61A$3.2655
EV/EBITA$3.41A$4.56A$5.7166
EV/EBITDAA$2.97A$3.98A$4.9967
EV/RevenueA$0.8200A$1.19A$1.5553
Asset-Based
NCAV (Graham)A$0.4400A$0.5800A$0.870054
Economic Profit
Residual IncomeA$0.8300A$1.04A$1.5273
ROIC CompounderA$2.20A$3.13A$3.9769
Growth Earnings
Growth-Adj P/EA$4.26A$6.09A$7.9165
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+32.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+105.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+42.7%
Start year 2020 (pandemic). Over 10 years: +41.6% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+69.6%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+21.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 40%
News mood ⓘNews mood, the average tone of recent news (13 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 206 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−29.7% · Below median
Profitability
Return on equity (12 months)30.5% · Top 25%
Return on assets9.7% · Above median
Net margin (12 months)17.9% · Below median
Operating margin (12 months)35.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)187.4% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Gold median · lower = cheaper
P/E (12 months)10.7× · Cheaper than median
P/B3.67× · Pricier than median
P/S (12 months)2.24× · Cheaper than median
EV/EBITDA4.5× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)100· sector 44
HEALTH (low debt)95· sector 99
DIVIDEND (yield)0· sector 24
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Orezone Gold Corporation (ORE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of A$2.04 versus a price of A$2.90, about 30% lower (overvalued).
What is the fair value of ORE?
Our model-based fair value for Orezone Gold Corporation is A$2.04 (as of Nov 8, 2026), built from audited fundamentals. The current price: A$2.90.
What is the quality score of ORE?
Orezone Gold Corporation has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Orezone Gold Corporation (ORE)?
Our model-based price target is the fair value of A$2.04 (as of Nov 8, 2026) from 14 valuation models. Cautious scenario A$1.53, optimistic scenario A$2.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Orezone Gold Corporation stock forecast for 2026?
Our models put fair value at A$2.04, about 30% lower versus a price of A$2.90 (overvalued). Cautious scenario A$1.53, optimistic scenario A$2.56. The calculation is refreshed regularly with new filings.
What is the revenue of Orezone Gold Corporation (ORE)?
Orezone Gold Corporation reported trailing-twelve-month revenue of about A$657M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Orezone Gold Corporation (ORE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Orezone Gold Corporation it is A$2.04 per share (as of Nov 8, 2026), against a price of A$2.90. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Orezone Gold Corporation stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ORE trades above its calculated fair value: price A$2.90, fair value A$2.04, a gap of about −30% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ORE?
No. The price is what the market pays today (A$2.90); the fair value is what the company's own numbers justify (A$2.04). For Orezone Gold Corporation the two are A$0.8600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Orezone Gold Corporation worth?
The market values Orezone Gold Corporation at about A$2.1B (market capitalisation, as of Nov 8, 2026). Per share that is A$2.90; our models calculate a fair value of A$2.04 per share.
What do the bullish and bearish scenarios say about ORE?
Our models span a range for Orezone Gold Corporation: cautious scenario A$1.53, base A$2.04, optimistic A$2.56 per share (as of Nov 8, 2026, price A$2.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ORE?
Orezone Gold Corporation trades at a price-to-earnings ratio of 10.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$2.04 is built from several models across several years. Other multiples: P/B 3.7, P/S 2.2, EV/EBITDA 4.5.
How solid is the balance sheet of Orezone Gold Corporation (ORE)?
Balance-sheet figures for Orezone Gold Corporation (as of Nov 8, 2026): return on equity 30.5%, debt of 0.11 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is ORE from its 52-week high?
Orezone Gold Corporation trades at A$2.90, about 14% below its 52-week high of A$3.36 and 111% above the low of A$1.38 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$2.04 is for.
Which stocks are comparable to Orezone Gold Corporation?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Orezone Gold Corporation stock attractive at the current price?
The data as of Nov 8, 2026: price A$2.90, calculated fair value A$2.04 (−30%), Quality Score 44/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ORE calculated?
We run Orezone Gold Corporation through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$2.04 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Orezone Gold Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Orezone Gold Corporation (ORE)?
The closing price on Nov 9, 2026 was A$2.90. Our model-based fair value is A$2.04, about 30% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Orezone Gold Corporation right now?
The price sits above even our optimistic bull case (A$2.56). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Orezone Gold Corporation
How large is the market capitalisation of Orezone Gold Corporation (ORE)?
The market capitalisation of Orezone Gold Corporation is A$2.1B (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Orezone Gold Corporation (ORE)?
The price-to-sales ratio of Orezone Gold Corporation is 1.85 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Orezone Gold Corporation (ORE)?
Earnings per share at Orezone Gold Corporation are A$0.2700 (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Orezone Gold Corporation (ORE)?
The net margin of Orezone Gold Corporation is 17.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Orezone Gold Corporation (ORE)?
The return on equity (ROE) of Orezone Gold Corporation is 30.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Orezone Gold Corporation (ORE)?
On an EBIT basis the return on assets of Orezone Gold Corporation is 13.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Orezone Gold Corporation (ORE)?
The operating margin of Orezone Gold Corporation is 35.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Orezone Gold Corporation (ORE)?
Revenue at Orezone Gold Corporation is growing +187% versus a year earlier (3y avg +105%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Orezone Gold Corporation (ORE)?
Earnings per share at Orezone Gold Corporation are growing +100% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Orezone Gold Corporation (ORE) generate?
The free cash flow of Orezone Gold Corporation is −A$40.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Orezone Gold Corporation (ORE) carry?
The net debt of Orezone Gold Corporation is A$20.6M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026