Orezone Gold Corporation (ORE) Fair Value & Analysis
Basic Materials · AU · Market cap A$1.4B
Fair value as of: Jul 18, 2026
From 14 valuation models · updated 24 days ago
Share price +16.9% over the past month.
Below-average quality, and screening another 40% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (A$2.07). 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.
Price vs Fair Value (12 months)
White line = price, green steps = our fair value per fiscal year. As of Jul 18, 2026.
How to read this chart
12‑month range A$1.14 – A$3.11 · fair‑value band A$1.24 – A$2.07 · the A$2.77 price screens above the A$1.66 fair value. As of Jul 18, 2026.
Analysis
Orezone Gold Corporation (ORE) currently trades at A$2.77, while our model-based Fair Value estimate is A$1.66, implying the stock looks roughly 40.2% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Orezone Gold Corporation generated revenue of A$480M at a net margin of 18.4%. Revenue grew 124.8% year over year. It earns a return on equity of 24.6%. Net debt stands at A$20.6M. Fundamentals as of Jul 18, 2026
Our scenario range runs from A$1.24 (bear case) to A$2.07 (bull case); at A$2.77, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 143% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 16% fair-value upside, at -40%, ORE screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 14 models by family
Widest divergence: Growth Earnings (A$4.39) versus Asset-Based (A$0.4000). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 59
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Orezone Gold Corporation engages in the mining, exploration, and development of gold properties. 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.
Full company description
Orezone Gold Corporation engages in the mining, exploration, and development of gold properties. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Orezone Gold Corporation reported revenue of A$377M in FY2025 versus A$0 in FY2021. Reported net income was A$64.9M in FY2025.
ORE screens 40% overvalued. Compare with Newmont Corporation →
Peer Group
Gold · 258 stocks
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.
Valuation Multiples vs Gold median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $112.00 | $132.73 | +19% |
| Zijin Mining Group 601899 | ¥28.36 | ¥30.58 | +8% |
| Agnico Eagle Mines Limited AEM | C$191.93 | C$154.33 | -20% |
| Barrick Mining Corporation B | $34.93 | $50.66 | +45% |
| Wheaton Precious Metals Corp WPM | C$152.57 | C$52.47 | -66% |
| Franco-Nevada Corporation FNV | C$284.75 | C$97.76 | -66% |
| AngloGold Ashanti plc AU | $76.35 | $88.63 | +16% |
| Gold Fields Limited GFI | $33.33 | $59.06 | +77% |
| Kinross Gold Corporation KGC | $22.57 | $34.62 | +53% |
| Northern Star Resources Limited NST | A$20.48 | A$15.98 | -22% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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