Orla Mining Ltd. (TSE:OLA - Free Report) - Analysts at Cormark upped their FY2024 earnings per share estimates for shares of Orla Mining in a research report issued on Friday, November 15th. Cormark analyst R. Gray now expects that the company will earn $0.35 per share for the year, up from their previous forecast of $0.34. The consensus estimate for Orla Mining's current full-year earnings is $0.34 per share. Cormark also issued estimates for Orla Mining's Q4 2024 earnings at $0.08 EPS and FY2025 earnings at $0.32 EPS.
Several other equities research analysts have also commented on the stock. Desjardins raised shares of Orla Mining to a "moderate buy" rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective on shares of Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st. Finally, Scotiabank upped their price objective on shares of Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$6.79.
Check Out Our Latest Analysis on OLA
Orla Mining Stock Performance
Shares of OLA stock traded up C$0.44 during mid-day trading on Monday, hitting C$5.99. 648,173 shares of the stock were exchanged, compared to its average volume of 451,249. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$7.16. The stock's fifty day simple moving average is C$6.09 and its two-hundred day simple moving average is C$5.66. The stock has a market capitalization of C$1.92 billion, a price-to-earnings ratio of -119.80 and a beta of 1.57.
Insider Buying and Selling
In other Orla Mining news, Director Jean Robitaille sold 46,600 shares of Orla Mining stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Senior Officer Etienne Morin sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$5.86, for a total transaction of C$117,178.00. Insiders have sold 81,000 shares of company stock worth $469,497 in the last three months. 51.68% of the stock is currently owned by insiders.
About Orla Mining
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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.
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