FY2024 Earnings Estimate for Orla Mining Issued By Cormark

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Cormark lifted their FY2024 earnings estimates for Orla Mining in a research report issued to clients and investors on Friday, January 17th. Cormark analyst R. Gray now expects that the company will earn $0.26 per share for the year, up from their previous 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.

Several other research analysts have also recently weighed in on the company. Scotiabank raised Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Desjardins raised shares of Orla Mining to a "moderate buy" rating in a research note on Thursday, October 31st.

Orla Mining Trading Up 2.5 %

ORLA stock traded up $0.14 during trading on Monday, reaching $5.76. 529,199 shares of the company's stock were exchanged, compared to its average volume of 513,653. The firm has a market capitalization of $1.85 billion, a PE ratio of -575.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. Orla Mining has a 1-year low of $3.13 and a 1-year high of $6.05.

Hedge Funds Weigh In On Orla Mining

Institutional investors have recently bought and sold shares of the stock. CWA Asset Management Group LLC grew its stake 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 buying an additional 304,748 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Orla Mining by 50.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company's stock worth $1,812,000 after purchasing an additional 150,000 shares during the period. National Bank of Canada FI lifted its position in shares of Orla Mining by 21.4% during the 3rd quarter. National Bank of Canada FI now owns 421,108 shares of the company's stock worth $1,687,000 after purchasing an additional 74,293 shares during the last quarter. American Century Companies Inc. boosted its stake in Orla Mining by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 412,400 shares of the company's stock valued at $1,583,000 after purchasing an additional 17,100 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in Orla Mining in the 3rd quarter valued at approximately $1,539,000. 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.