Orla Mining FY2024 EPS Estimate Reduced by Stifel Canada

Orla Mining Ltd. (TSE:OLA - Free Report) - Stifel Canada cut their FY2024 earnings per share (EPS) estimates for Orla Mining in a report issued on Monday, December 2nd. Stifel Canada analyst S. Soock now forecasts that the company will post earnings of $0.14 per share for the year, down from their prior estimate of $0.35. The consensus estimate for Orla Mining's current full-year earnings is $0.34 per share.

OLA has been the topic of a number of other reports. Stifel Nicolaus lifted their target price on Orla Mining from C$8.00 to C$9.75 in a research report on Monday. Desjardins raised Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. CIBC lifted their price objective on Orla Mining from C$7.50 to C$8.50 in a report on Monday. Finally, Scotiabank raised Orla Mining from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$6.00 to C$7.75 in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$7.43.

Orla Mining Stock Performance

Shares of Orla Mining stock traded up C$0.09 during trading on Wednesday, reaching C$6.98. The company's stock had a trading volume of 284,088 shares, compared to its average volume of 445,745. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. The business's fifty day moving average price is C$6.27 and its 200-day moving average price is C$5.74. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of -137.80 and a beta of 1.57. Orla Mining has a one year low of C$3.53 and a one year high of C$7.16.

Insider Transactions at Orla Mining

In related news, Director Jean Robitaille sold 46,600 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total value of C$267,549.24. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. 51.68% of the stock is owned by company insiders.

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.