FY2024 EPS Estimates for Orla Mining Raised by Scotiabank

Orla Mining Ltd. (TSE:OLA) – Equities research analysts at Scotiabank raised their FY2024 earnings per share (EPS) estimates for Orla Mining in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.31 per share for the year, up from their previous forecast of $0.30. Scotiabank has a “Outperform” rating and a $7.75 price objective on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share.

Several other equities research analysts also recently issued reports on OLA. Stifel Nicolaus boosted their price objective on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. CIBC upped their price target on shares of Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th. Finally, Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st.

Orla Mining Stock Down 1.3 %

OLA opened at C$8.48 on Friday. Orla Mining has a 1 year low of C$4.07 and a 1 year high of C$8.67. The firm has a 50 day moving average price of C$7.23 and a 200 day moving average price of C$6.19. 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 market cap of C$2.71 billion, a PE ratio of -169.60 and a beta of 1.57.

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.