Cormark Issues Optimistic Estimate for Orla Mining Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Equities research analysts at Cormark lifted their FY2024 earnings estimates for shares of Orla Mining in a research report issued to clients and investors on Friday, January 17th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.25. 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 $0.08 EPS and Q1 2025 earnings at $0.06 EPS.

Orla Mining (NYSEAMERICAN:ORLA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The business had revenue of $99.31 million for the quarter. Orla Mining had a net margin of 1.42% and a return on equity of 17.04%.

A number of other research firms have also issued reports on ORLA. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st.

Orla Mining Price Performance

NYSEAMERICAN:ORLA opened at $5.95 on Monday. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. Orla Mining has a twelve month low of $3.16 and a twelve month high of $6.05. The stock has a market capitalization of $1.91 billion, a PE ratio of -594.41 and a beta of 0.69.

Institutional Investors Weigh In On Orla Mining

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWA Asset Management Group LLC lifted its holdings in Orla Mining by 20.6% in the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock valued at $9,897,000 after acquiring an additional 304,748 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Orla Mining by 67.2% during the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock valued at $1,192,000 after purchasing an additional 118,961 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of 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 purchasing an additional 150,000 shares during the period. Geode Capital Management LLC increased its stake in Orla Mining by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock worth $463,000 after purchasing an additional 12,159 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Orla Mining during the 2nd quarter worth about $102,000. Institutional investors and hedge funds 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.