Cormark Brokers Boost Earnings Estimates for Orla Mining

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Equities research analysts at Cormark upped their Q1 2025 EPS estimates for shares of Orla Mining in a research report issued on Tuesday, April 15th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.09 per share for the quarter, up from their prior estimate of $0.01. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share. Cormark also issued estimates for Orla Mining's FY2025 earnings at $0.61 EPS and FY2026 earnings at $0.80 EPS.

Several other research analysts also recently commented on the stock. TD Securities raised shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. TD Cowen initiated coverage on shares of Orla Mining in a research note on Tuesday, February 4th. They set a "hold" rating for the company. Finally, Stifel Canada raised Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Orla Mining currently has a consensus rating of "Buy" and an average target price of $6.13.

Orla Mining Trading Down 2.8 %

Shares of Orla Mining stock traded down $0.32 on Thursday, reaching $11.18. The company had a trading volume of 533,465 shares, compared to its average volume of 1,142,063. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -1,116.68 and a beta of 0.71. The firm's 50-day moving average price is $8.56 and its two-hundred day moving average price is $6.17. Orla Mining has a 1 year low of $3.24 and a 1 year high of $11.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

Hedge Funds Weigh In On Orla Mining

A number of institutional investors and hedge funds have recently bought and sold shares of ORLA. FMR LLC lifted its position in Orla Mining by 17.3% during the fourth quarter. FMR LLC now owns 24,065,292 shares of the company's stock worth $133,264,000 after buying an additional 3,553,481 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Orla Mining during the fourth quarter worth about $11,944,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Orla Mining in the 4th quarter valued at about $9,668,000. CWA Asset Management Group LLC grew its stake in shares of Orla Mining by 63.3% in the 1st quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock valued at $27,284,000 after buying an additional 1,131,625 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Orla Mining by 197.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company's stock worth $4,882,000 after buying an additional 584,257 shares during the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

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.