FY2025 EPS Estimates for Orla Mining Decreased by Desjardins

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Investment analysts at Desjardins reduced their FY2025 earnings estimates for Orla Mining in a research report issued to clients and investors on Tuesday, March 18th. Desjardins analyst A. Carson now expects that the company will post earnings per share of $0.30 for the year, down from their prior estimate of $0.33. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

Several other research analysts also recently weighed in on the company. TD Securities upgraded Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. TD Cowen began coverage on shares of Orla Mining in a research note on Tuesday, February 4th. They set a "hold" rating for the company. Scotiabank upgraded shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Finally, Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Orla Mining presently has an average rating of "Buy" and an average price target of $6.13.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA traded up $0.33 during midday trading on Friday, reaching $9.17. The stock had a trading volume of 522,754 shares, compared to its average volume of 534,198. The company has a market cap of $2.96 billion, a P/E ratio of -916.08 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The business's 50-day simple moving average is $6.84. Orla Mining has a 12-month low of $3.24 and a 12-month high of $9.62.

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Hedge Funds Weigh In On Orla Mining

Institutional investors and hedge funds have recently made changes to their positions in the business. Kitching Partners LLC bought a new position in shares of Orla Mining during the 3rd quarter valued at approximately $48,000. Mariner LLC bought a new position in Orla Mining during the fourth quarter valued at $58,000. Scotia Capital Inc. purchased a new stake in shares of Orla Mining in the fourth quarter valued at $67,000. Walleye Capital LLC purchased a new stake in shares of Orla Mining in the third quarter valued at $69,000. Finally, DF Dent & Co. Inc. bought a new stake in shares of Orla Mining in the 3rd quarter worth about $80,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

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.