FY2025 EPS Estimates for Orla Mining Reduced by Desjardins

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Desjardins lowered their FY2025 earnings estimates for shares of Orla Mining in a research note issued on Tuesday, March 18th. Desjardins analyst A. Carson now anticipates that the company will post earnings of $0.30 per share for the year, down from their prior forecast of $0.33. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

ORLA has been the topic of several other reports. Scotiabank raised shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. TD Securities raised Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Finally, TD Cowen started coverage on Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating on the stock. Two 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 a consensus rating of "Buy" and an average target price of $6.13.

Orla Mining Stock Up 1.2 %

Shares of Orla Mining stock traded up $0.11 during trading on Friday, reaching $9.14. The company's stock had a trading volume of 998,656 shares, compared to its average volume of 538,513. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. Orla Mining has a 52-week low of $3.24 and a 52-week high of $9.62. The firm has a 50-day simple moving average of $6.97. The company has a market cap of $2.95 billion, a P/E ratio of -913.09 and a beta of 0.71.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Kitching Partners LLC purchased a new stake in Orla Mining during the third quarter valued at $48,000. Mariner LLC bought a new stake in shares of Orla Mining during the 4th quarter valued at about $58,000. Scotia Capital Inc. purchased a new stake in shares of Orla Mining during the 4th quarter valued at about $67,000. Walleye Capital LLC bought a new position in shares of Orla Mining in the 3rd quarter worth approximately $69,000. Finally, DF Dent & Co. Inc. purchased a new position in shares of Orla Mining in the third quarter worth approximately $80,000. 43.04% of the stock is owned by hedge funds and other 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.