FY2024 Earnings Forecast for Orla Mining Issued By Cormark

Orla Mining Ltd. (TSE:OLA) – Stock analysts at Cormark raised their FY2024 EPS estimates for shares of Orla Mining in a report issued on Friday, November 15th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.35 for the year, up from their previous estimate of $0.34. 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 $0.08 EPS and FY2025 earnings at $0.32 EPS.

Several other research firms have also recently issued reports on OLA. Scotiabank raised their price target on shares of Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Stifel Nicolaus raised their price target on shares of Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st. Finally, Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Orla Mining has an average rating of “Moderate Buy” and an average price target of C$6.79.

Orla Mining Price Performance

Orla Mining stock opened at C$5.99 on Monday. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$7.16. The stock has a market capitalization of C$1.92 billion, a P/E ratio of -119.80 and a beta of 1.57. The firm’s 50-day moving average is C$6.09 and its two-hundred day moving average is C$5.66. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Senior Officer Etienne Morin sold 20,000 shares of Orla Mining stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of Orla Mining stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total transaction of C$73,750.00. Insiders have sold a total of 79,100 shares of company stock valued at $458,477 over the last ninety days. Corporate insiders own 51.68% of the company’s stock.

Orla Mining Company Profile

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.