Desjardins Issues Negative Outlook for Orla Mining Earnings

Orla Mining Ltd. (TSE:OLA) – Analysts at Desjardins lowered their FY2024 earnings estimates for shares of Orla Mining in a report released on Tuesday, November 12th. Desjardins analyst A. Carson now forecasts that the company will post earnings per share of $0.31 for the year, down from their prior forecast of $0.33. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Desjardins also issued estimates for Orla Mining’s FY2025 earnings at $0.36 EPS and FY2026 earnings at $0.39 EPS.

Orla Mining (TSE:OLA) last issued its earnings results on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). Orla Mining had a negative net margin of 4.12% and a negative return on equity of 2.50%. The firm had revenue of C$115.71 million during the quarter.

A number of other analysts have also recently issued reports on the company. Scotiabank boosted their target price on Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. Stifel Nicolaus boosted their price objective on shares of Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$6.56.

Orla Mining Stock Performance

Shares of TSE:OLA opened at C$5.37 on Thursday. The business has a 50-day moving average of C$6.08 and a two-hundred day moving average of C$5.65. The firm has a market capitalization of C$1.72 billion, a PE ratio of -111.00 and a beta of 1.57. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$7.16.

Insider Buying and Selling

In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total value of C$267,549.24. Also, Senior Officer Etienne Morin sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total transaction of C$117,178.00. Insiders have sold 81,000 shares of company stock valued at $469,497 in the last quarter. Company insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

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.