FY2024 Earnings Forecast for Orla Mining Ltd. Issued By Cormark (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Stock analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of Orla Mining in a research report issued to clients and investors on Friday, August 16th. Cormark analyst R. Gray now expects that the company will post earnings of $0.30 per share for the year, up from their previous forecast of $0.22. The consensus estimate for Orla Mining’s current full-year earnings is $0.29 per share. Cormark also issued estimates for Orla Mining’s Q4 2024 earnings at $0.07 EPS.

Several other analysts have also recently issued reports on OLA. CIBC boosted their price objective on shares of Orla Mining from C$7.25 to C$7.50 in a research note on Wednesday, July 10th. Scotiabank downgraded Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price target for the company. in a research report on Thursday, May 23rd. Desjardins raised their price objective on Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. TD Securities decreased their target price on Orla Mining from C$6.00 to C$5.50 and set a “hold” rating for the company in a report on Wednesday, May 15th. Finally, Stifel Nicolaus increased their target price on shares of Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$6.31.

Orla Mining Price Performance

Orla Mining stock opened at C$5.63 on Monday. Orla Mining has a 1 year low of C$3.53 and a 1 year high of C$6.52. 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 firm has a 50 day moving average price of C$5.27 and a 200 day moving average price of C$5.21. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of -112.60 and a beta of 1.59.

Insider Buying and Selling

In other Orla Mining news, Senior Officer John Andrew Cormier sold 10,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$5.32, for a total value of C$53,211.00. In other Orla Mining news, Director Robert Ljubomir Krcmarov bought 7,273 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of C$5.50 per share, with a total value of C$40,023.32. Also, Senior Officer John Andrew Cormier sold 10,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$5.32, for a total value of C$53,211.00. In the last ninety days, insiders have sold 178,100 shares of company stock valued at $1,014,029. Corporate insiders own 34.50% of the company’s stock.

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.