Brokers Offer Predictions for Orla Mining FY2024 Earnings

Orla Mining Ltd. (TSE:OLA) – Equities researchers at Stifel Canada reduced their FY2024 EPS estimates for Orla Mining in a research note issued on Monday, December 2nd. Stifel Canada analyst S. Soock now anticipates that the company will earn $0.14 per share for the year, down from their previous forecast of $0.35. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share.

OLA has been the subject of several other research reports. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. CIBC lifted their target price on shares of Orla Mining from C$7.50 to C$8.50 in a research report on Monday. Scotiabank upgraded shares of Orla Mining from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$6.00 to C$7.75 in a report on Wednesday, November 27th. Finally, Stifel Nicolaus lifted their target price on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$7.43.

Orla Mining Stock Performance

TSE OLA opened at C$6.98 on Wednesday. The company has a market capitalization of C$2.23 billion, a PE ratio of -139.60 and a beta of 1.57. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. The company has a 50-day simple moving average of C$6.29 and a 200 day simple moving average of C$5.74. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$7.16.

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 transaction of C$267,549.24. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. 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.