11:51 AM EDT, 04/24/2026 (MT Newswires) -- National Bank Financial on maintained its outperform rating on the shares of Orezone Gold (ORE.TO) and its C$3.75 price target as it updated its estimates following the company's first-quarter production results.

"For the quarter, we now model AISC of $2,419/oz vs. $2,335/oz prior and forecast an attributable adj. EPS of $0.08. As a result of our changes, our 2026 EBITDA remains largely unchanged at $643 mln from $641 mln, and our NAV increases marginally to C$4.38/sh from C$4.34/sh. We reiterate our Outperform rating and C$3.75 price target,"analyst Mohamed Sidibe wrote.

(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)

Price: 2.27, Change: -0.02, Percent Change: -0.87