Cormark Has Bearish Estimate for Orla Mining FY2024 Earnings

Orla Mining Ltd. (TSE:OLA) – Equities research analysts at Cormark reduced their FY2024 earnings estimates for shares of Orla Mining in a report released on Wednesday, February 26th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.36 per share for the year, down from their previous forecast of $0.37. 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 $0.09 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.36 EPS, FY2025 earnings at $0.85 EPS and FY2025 earnings at $0.85 EPS.

Other research analysts have also issued research reports about the stock. CIBC upped their price target on shares of Orla Mining from C$11.00 to C$11.50 in a research note on Wednesday. Desjardins upped their price target on shares of Orla Mining from C$10.00 to C$12.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Scotiabank upped their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Stifel Nicolaus upped their price target on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th.

Orla Mining Stock Down 0.2 %

Shares of OLA stock opened at C$10.13 on Friday. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The firm’s 50-day moving average is C$8.97 and its 200-day moving average is C$7.19. The stock has a market cap of C$2.30 billion, a price-to-earnings ratio of 216.52 and a beta of 1.57. Orla Mining has a 52-week low of C$4.42 and a 52-week high of C$10.92.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.