Cormark Has Optimistic Outlook of Orla Mining Q4 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Analysts at Cormark upped their Q4 2024 earnings estimates for Orla Mining in a report released on Friday, November 15th. Cormark analyst R. Gray now expects that the company will earn $0.06 per share for the quarter, up from their prior forecast of $0.05. The consensus estimate for Orla Mining's current full-year earnings is $0.23 per share. Cormark also issued estimates for Orla Mining's FY2025 earnings at $0.23 EPS.

Several other brokerages have also weighed in on ORLA. Desjardins raised shares of Orla Mining to a "moderate buy" rating in a research report on Thursday, October 31st. Scotiabank lifted their price target on shares of Orla Mining from $5.75 to $6.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th.

Orla Mining Price Performance

ORLA traded up $0.31 during midday trading on Monday, hitting $4.25. 685,258 shares of the company's stock traded hands, compared to its average volume of 424,902. The firm has a market cap of $1.36 billion, a PE ratio of -431.57 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.02 and a current ratio of 4.54. Orla Mining has a one year low of $2.60 and a one year high of $5.16.

Institutional Investors Weigh In On Orla Mining

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Orla Mining by 11.9% in the third quarter. Geode Capital Management LLC now owns 114,628 shares of the company's stock valued at $463,000 after buying an additional 12,159 shares during the last quarter. Barclays PLC raised its holdings in shares of Orla Mining by 86.5% in the third quarter. Barclays PLC now owns 47,177 shares of the company's stock valued at $189,000 after buying an additional 21,877 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Orla Mining in the third quarter valued at about $241,000. XTX Topco Ltd bought a new stake in Orla Mining during the 3rd quarter worth about $325,000. Finally, DF Dent & Co. Inc. bought a new stake in Orla Mining during the 3rd quarter worth about $80,000. 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.