Cormark Issues Pessimistic Forecast for Orla Mining Earnings

Orla Mining Ltd. (TSE:OLA) – Cormark decreased their FY2026 earnings per share (EPS) estimates for Orla Mining in a report released on Thursday, March 20th. Cormark analyst R. Gray now forecasts that the company will earn $1.06 per share for the year, down from their previous forecast of $1.30. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share.

Several other research analysts have also recently issued reports on the company. Scotiabank increased their price objective on Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Desjardins increased their price target on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Finally, CIBC raised their price objective on Orla Mining from C$11.50 to C$13.75 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$11.86.

Orla Mining Stock Up 0.8 %

OLA stock opened at C$13.03 on Monday. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54. The stock has a market capitalization of C$2.95 billion, a PE ratio of 278.51 and a beta of 1.57. Orla Mining has a one year low of C$4.60 and a one year high of C$13.76. The company has a fifty day moving average of C$10.22 and a 200-day moving average of C$7.95.

Insider Activity

In related news, Director Jean Robitaille sold 42,906 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$557,778.00. Also, Director Charles A. Jeannes sold 15,023 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37. Insiders sold 135,399 shares of company stock worth $1,758,145 over the last ninety days. Corporate insiders own 51.68% of the company’s stock.

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.