Cormark Has Optimistic Outlook of Orla Mining Q4 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Cormark upped their Q4 2024 earnings per share (EPS) estimates for shares of Orla Mining in a research note issued to investors on Friday, November 15th. Cormark analyst R. Gray now forecasts that the company will earn $0.06 per share for the quarter, up from their prior forecast 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.

ORLA has been the topic of a number of other reports. Scotiabank raised their target price on shares of Orla Mining from $5.75 to $6.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st.

Orla Mining Stock Up 2.6 %

ORLA opened at $3.94 on Monday. The company has a current ratio of 4.54, a quick ratio of 5.02 and a debt-to-equity ratio of 0.12. Orla Mining has a 52 week low of $2.60 and a 52 week high of $5.16. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -393.61 and a beta of 0.79.

Institutional Investors Weigh In On Orla Mining

Large investors have recently modified their holdings of the stock. CWA Asset Management Group LLC acquired a new position in Orla Mining in the 3rd quarter valued at $5,927,000. D.A. Davidson & CO. purchased a new stake in shares of Orla Mining in the third quarter valued at about $1,539,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Orla Mining during the second quarter worth about $1,151,000. Goehring & Rozencwajg Associates LLC raised its holdings in Orla Mining by 16.3% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock worth $4,969,000 after purchasing an additional 181,900 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Orla Mining by 67.2% during the third 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. Hedge funds and other institutional investors own 43.04% 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.