FY2024 EPS Estimates for Orla Mining Reduced by Desjardins

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Equities researchers at Desjardins lowered their FY2024 earnings per share estimates for Orla Mining in a research report issued on Tuesday, November 12th. Desjardins analyst A. Carson now forecasts that the company will earn $0.22 per share for the year, down from their prior estimate of $0.24. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share. Desjardins also issued estimates for Orla Mining’s FY2025 earnings at $0.26 EPS.

Orla Mining (NYSEAMERICAN:ORLA) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Orla Mining had a return on equity of 17.60% and a net margin of 1.42%. The firm had revenue of $84.57 million for the quarter.

Separately, Scotiabank lifted their target price on Orla Mining from $5.75 to $6.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th.

Orla Mining Stock Down 3.8 %

Shares of NYSEAMERICAN:ORLA opened at $3.84 on Thursday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -383.62 and a beta of 0.79. Orla Mining has a 1-year low of $2.60 and a 1-year high of $5.16. The company has a current ratio of 5.89, a quick ratio of 5.02 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Orla Mining

A number of large investors have recently made changes to their positions in ORLA. International Assets Investment Management LLC purchased a new position in Orla Mining during the 3rd quarter valued at $43,000. Kitching Partners LLC purchased a new stake in shares of Orla Mining during the third quarter valued at $48,000. Walleye Capital LLC bought a new position in shares of Orla Mining in the third quarter worth about $69,000. Renaissance Technologies LLC purchased a new position in Orla Mining in the 2nd quarter worth about $102,000. Finally, Toronto Dominion Bank lifted its holdings in Orla Mining by 536.1% during the 2nd quarter. Toronto Dominion Bank now owns 27,563 shares of the company’s stock valued at $106,000 after buying an additional 23,230 shares in the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.

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.