Orla Mining Ltd. (TSE:OLA) Forecasted to Earn Q3 2024 Earnings of $0.10 Per Share

Orla Mining Ltd. (TSE:OLA) – Analysts at Cormark lifted their Q3 2024 earnings per share estimates for shares of Orla Mining in a research report issued on Friday, October 11th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.10 for the quarter, up from their previous forecast of $0.05. The consensus estimate for Orla Mining’s current full-year earnings is $0.30 per share. Cormark also issued estimates for Orla Mining’s FY2024 earnings at $0.34 EPS and FY2025 earnings at $0.24 EPS.

OLA has been the topic of a number of other reports. Scotiabank lifted their target price on Orla Mining from C$5.25 to C$6.00 in a research report on Thursday. CIBC boosted their price objective on shares of Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$6.34.

Orla Mining Price Performance

TSE OLA opened at C$6.19 on Monday. Orla Mining has a fifty-two week low of C$3.53 and a fifty-two week high of C$6.37. The stock’s 50-day moving average is C$5.54 and its two-hundred day moving average is C$5.46. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The firm has a market cap of C$1.98 billion, a P/E ratio of -123.80 and a beta of 1.59.

Orla Mining (TSE:OLA) last issued its earnings results on Monday, August 12th. The company reported C$0.09 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.01). The business had revenue of C$115.71 million during the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%.

Insider Activity at Orla Mining

In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s stock in a transaction 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. In other Orla Mining news, Senior Officer Andrew James Bradbury sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$5.40, for a total value of C$107,960.00. Insiders have sold a total of 101,000 shares of company stock worth $577,457 over the last quarter. Company insiders own 34.48% 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.