Cormark Issues Positive Forecast for Orla Mining Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Equities research analysts at Cormark increased their Q4 2024 earnings estimates for Orla Mining in a report issued on Friday, November 15th. Cormark analyst R. Gray now anticipates that the company will earn $0.06 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Orla Mining’s current full-year earnings is $0.23 per share. Cormark also issued estimates for Orla Mining’s FY2025 earnings at $0.23 EPS.

A number of other equities analysts have also recently commented on the company. Scotiabank raised their target price on Orla Mining from $5.75 to $6.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st.

Orla Mining Trading Up 8.5 %

Shares of Orla Mining stock opened at $4.28 on Monday. Orla Mining has a 1-year low of $2.60 and a 1-year high of $5.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.02 and a current ratio of 4.54. The firm has a market cap of $1.37 billion, a PE ratio of -427.07 and a beta of 0.79.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new stake in Orla Mining during the 3rd quarter valued at approximately $5,927,000. D.A. Davidson & CO. bought a new position in shares of Orla Mining during the third quarter worth $1,539,000. Allspring Global Investments Holdings LLC purchased a new position in Orla Mining during the second quarter valued at $1,151,000. Goehring & Rozencwajg Associates LLC increased its holdings in Orla Mining by 16.3% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock valued at $4,969,000 after acquiring an additional 181,900 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Orla Mining by 67.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock worth $1,192,000 after purchasing an additional 118,961 shares in the last quarter. 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.