Stifel Canada Comments on Orla Mining Q3 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Orla Mining in a note issued to investors on Monday, October 21st. Stifel Canada analyst S. Soock forecasts that the company will earn $0.11 per share for the quarter. The consensus estimate for Orla Mining’s current full-year earnings is $0.23 per share. Stifel Canada also issued estimates for Orla Mining’s FY2024 earnings at $0.30 EPS, FY2025 earnings at $0.32 EPS and FY2026 earnings at $0.25 EPS.

Separately, Scotiabank increased their price target on Orla Mining from $5.75 to $6.00 and gave the company a “sector perform” rating in a report on Friday, October 11th.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $5.14 on Thursday. Orla Mining has a fifty-two week low of $2.60 and a fifty-two week high of $5.16. The firm has a market cap of $1.65 billion, a P/E ratio of 27.10 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.02 and a current ratio of 5.89.

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

Hedge Funds Weigh In On Orla Mining

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in Orla Mining in the 3rd quarter valued at $43,000. Allspring Global Investments Holdings LLC grew its position in Orla Mining by 50.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock valued at $1,812,000 after acquiring an additional 150,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Orla Mining by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock valued at $679,000 after acquiring an additional 4,827 shares during the last quarter. Toronto Dominion Bank grew its position in Orla Mining by 536.1% in the 2nd quarter. Toronto Dominion Bank now owns 27,563 shares of the company’s stock valued at $106,000 after acquiring an additional 23,230 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its position in Orla Mining by 16.3% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock valued at $4,969,000 after acquiring an additional 181,900 shares during the last quarter. 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.