FY2025 EPS Estimates for Orla Mining Decreased by Desjardins

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Research analysts at Desjardins lowered their FY2025 earnings per share (EPS) estimates for shares of Orla Mining in a note issued to investors on Tuesday, March 18th. Desjardins analyst A. Carson now expects that the company will earn $0.30 per share for the year, down from their previous forecast of $0.33. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share.

Other analysts also recently issued research reports about the company. TD Cowen started coverage on Orla Mining in a research note on Tuesday, February 4th. They set a “hold” rating for the company. Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Finally, Stifel Canada raised Orla Mining to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Orla Mining currently has an average rating of “Buy” and a consensus target price of $6.13.

Orla Mining Stock Down 4.9 %

Shares of NYSEAMERICAN:ORLA opened at $8.84 on Friday. The firm’s 50 day simple moving average is $6.84. Orla Mining has a twelve month low of $3.24 and a twelve month high of $9.62. The company has a market cap of $2.85 billion, a P/E ratio of -883.12 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

Hedge Funds Weigh In On Orla Mining

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Orla Mining by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 116,293 shares of the company’s stock worth $650,000 after buying an additional 1,665 shares in the last quarter. Walleye Capital LLC raised its holdings in shares of Orla Mining by 10.2% in the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company’s stock worth $106,000 after buying an additional 1,764 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Orla Mining by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock worth $2,500,000 after buying an additional 2,000 shares in the last quarter. Gotham Asset Management LLC raised its holdings in shares of Orla Mining by 11.8% in the 4th quarter. Gotham Asset Management LLC now owns 19,393 shares of the company’s stock worth $107,000 after buying an additional 2,048 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Orla Mining by 2.0% in the 4th quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock worth $2,174,000 after buying an additional 7,667 shares in the last quarter. Institutional investors and hedge funds 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.