FY2024 Earnings Estimate for Orla Mining Issued By Cormark

Orla Mining Ltd. (TSE:OLA) – Investment analysts at Cormark raised their FY2024 earnings per share (EPS) estimates for Orla Mining in a research note issued to investors on Friday, November 15th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.35 per share for the year, up from their previous forecast of $0.34. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Cormark also issued estimates for Orla Mining’s Q4 2024 earnings at $0.08 EPS and FY2025 earnings at $0.32 EPS.

Other research analysts have also recently issued reports about the stock. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank increased their price objective on Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Finally, Stifel Nicolaus lifted their target price on Orla Mining from C$6.50 to C$8.00 in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Orla Mining has an average rating of “Moderate Buy” and an average target price of C$6.79.

Orla Mining Price Performance

OLA opened at C$5.55 on Monday. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$7.16. The stock has a market cap of C$1.77 billion, a P/E ratio of -111.00 and a beta of 1.57. The business has a fifty day moving average of C$6.08 and a 200 day moving average of C$5.65. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76.

Insider Activity

In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. Over the last ninety days, insiders have sold 81,000 shares of company stock worth $469,497. Corporate insiders own 51.68% of the company’s stock.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.