FY2024 Earnings Estimate for Orla Mining Ltd. Issued By Cormark (NYSEAMERICAN:ORLA)

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Cormark increased their FY2024 earnings per share estimates for Orla Mining in a research report issued on Friday, August 16th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.22 for the year, up from their prior estimate of $0.16. The consensus estimate for Orla Mining’s current full-year earnings is $0.20 per share. Cormark also issued estimates for Orla Mining’s Q4 2024 earnings at $0.05 EPS.

A number of other research firms also recently weighed in on ORLA. Stifel Nicolaus upped their target price on Orla Mining from $6.00 to $6.25 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Scotiabank lowered Orla Mining from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, May 23rd.

Orla Mining Price Performance

NYSEAMERICAN:ORLA opened at $4.29 on Monday. The firm has a market capitalization of $1.37 billion, a PE ratio of -53.56 and a beta of 0.82. The company has a quick ratio of 4.70, a current ratio of 5.68 and a debt-to-equity ratio of 0.22. Orla Mining has a 1 year low of $2.60 and a 1 year high of $4.82.

Hedge Funds Weigh In On Orla Mining

Several large investors have recently made changes to their positions in the business. CWA Asset Management Group LLC grew its position in Orla Mining by 85.0% in the 4th quarter. CWA Asset Management Group LLC now owns 2,367,033 shares of the company’s stock worth $7,693,000 after purchasing an additional 1,087,892 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Orla Mining in the first quarter valued at about $893,000. Goehring & Rozencwajg Associates LLC grew its position in Orla Mining by 3.3% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,035,714 shares of the company’s stock worth $3,379,000 after buying an additional 33,530 shares in the last quarter. Alberta Investment Management Corp increased its stake in Orla Mining by 335.9% during the fourth quarter. Alberta Investment Management Corp now owns 458,600 shares of the company’s stock valued at $1,502,000 after acquiring an additional 353,400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Orla Mining by 50.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,089 shares of the company’s stock valued at $180,000 after acquiring an additional 18,375 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.