Q3 2024 EPS Estimates for Orla Mining Ltd. (NYSEAMERICAN:ORLA) Raised by Cormark

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Stock analysts at Cormark upped their Q3 2024 earnings per share (EPS) estimates for Orla Mining in a research note issued on Friday, October 11th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.07 for the quarter, up from their prior forecast of $0.04. The consensus estimate for Orla Mining’s current full-year earnings is $0.23 per share. Cormark also issued estimates for Orla Mining’s FY2024 earnings at $0.25 EPS and FY2025 earnings at $0.18 EPS.

Orla Mining (NYSEAMERICAN:ORLA) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. Orla Mining had a negative net margin of 4.12% and a positive return on equity of 14.36%. The company had revenue of $84.57 million during the quarter.

Separately, Scotiabank boosted their price objective on shares of Orla Mining from $5.75 to $6.00 and gave the stock a “sector perform” rating in a report on Friday.

Orla Mining Price Performance

Shares of Orla Mining stock opened at $4.50 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.89 and a quick ratio of 5.02. Orla Mining has a twelve month low of $2.60 and a twelve month high of $4.64. The firm has a market cap of $1.44 billion, a P/E ratio of -90.00 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Orla Mining in the 2nd quarter worth approximately $1,151,000. Edmond DE Rothschild Holding S.A. acquired a new position in Orla Mining during the first quarter valued at approximately $893,000. Goehring & Rozencwajg Associates LLC grew 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 valued at $4,969,000 after purchasing an additional 181,900 shares during the period. U S Global Investors Inc. lifted its stake in Orla Mining by 20.7% in the second quarter. U S Global Investors Inc. now owns 301,660 shares of the company’s stock valued at $1,282,000 after buying an additional 51,660 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Orla Mining by 92.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,883 shares of the company’s stock valued at $218,000 after buying an additional 27,315 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors.

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.