FY2024 EPS Estimates for Orla Mining Decreased by Desjardins

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Analysts at Desjardins lowered their FY2024 earnings estimates for Orla Mining in a note issued to investors 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 forecast 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.

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

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA opened at $3.84 on Thursday. The company has a quick ratio of 5.02, a current ratio of 5.89 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.23 billion, a P/E ratio of -383.62 and a beta of 0.79. Orla Mining has a 52 week low of $2.60 and a 52 week high of $5.16.

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

Institutional Trading of Orla Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. U S Global Investors Inc. raised its position in shares of Orla Mining by 20.7% in the 2nd quarter. U S Global Investors Inc. now owns 301,660 shares of the company’s stock valued at $1,282,000 after purchasing an additional 51,660 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Orla Mining in the 2nd quarter worth $1,151,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Orla Mining by 92.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,883 shares of the company’s stock worth $218,000 after acquiring an additional 27,315 shares during the period. CIBC Asset Management Inc grew its stake in Orla Mining by 7.9% during the 2nd quarter. CIBC Asset Management Inc now owns 293,268 shares of the company’s stock valued at $1,125,000 after purchasing an additional 21,576 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Orla Mining by 4.3% in the second quarter. American Century Companies Inc. now owns 412,400 shares of the company’s stock valued at $1,583,000 after purchasing an additional 17,100 shares during the period. Hedge funds and other institutional investors own 43.04% 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.