Cormark Weighs in on Orla Mining’s FY2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Research analysts at Cormark boosted their FY2024 earnings per share estimates for Orla Mining in a research report issued on Friday, January 17th. Cormark analyst R. Gray now anticipates that the company will earn $0.37 per share for the year, up from their prior estimate of $0.35. 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 $0.12 EPS.

OLA has been the subject of a number of other reports. Scotiabank raised their price objective on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. CIBC raised their price objective on shares of Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus raised their price objective on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd.

Orla Mining Stock Up 3.2 %

Orla Mining stock opened at C$8.34 on Monday. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The stock’s fifty day simple moving average is C$7.39 and its 200-day simple moving average is C$6.30. Orla Mining has a twelve month low of C$4.23 and a twelve month high of C$8.67. The firm has a market capitalization of C$2.67 billion, a P/E ratio of -166.80 and a beta of 1.57.

About Orla Mining

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.