Scotiabank Reduces Earnings Estimates for Orla Mining

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Equities research analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Orla Mining in a report released on Wednesday, March 19th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.46 for the year, down from their prior estimate of $0.51. Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

Other research analysts also recently issued reports about the company. TD Cowen initiated coverage on Orla Mining in a research note on Tuesday, February 4th. They set a "hold" rating for the company. TD Securities upgraded shares of Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Finally, Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Orla Mining presently has a consensus rating of "Buy" and an average price target of $6.13.

Orla Mining Stock Up 2.4 %

ORLA traded up $0.22 during midday trading on Monday, reaching $9.31. The company had a trading volume of 818,286 shares, compared to its average volume of 545,469. The company's 50-day moving average price is $7.03. 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 1 year low of $3.24 and a 1 year high of $9.62. The firm has a market capitalization of $3.00 billion, a P/E ratio of -930.07 and a beta of 0.71.

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Hedge Funds Weigh In On Orla Mining

Several hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in Orla Mining by 17.3% in the 4th quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after acquiring an additional 3,553,481 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Orla Mining by 0.4% in the fourth quarter. Franklin Resources Inc. now owns 7,578,812 shares of the company's stock worth $41,914,000 after purchasing an additional 31,700 shares during the last quarter. Amundi lifted its position in shares of Orla Mining by 6.7% in the fourth quarter. Amundi now owns 2,475,689 shares of the company's stock worth $14,483,000 after buying an additional 155,200 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Orla Mining in the fourth quarter worth about $11,944,000. Finally, CWA Asset Management Group LLC boosted its stake in Orla Mining by 20.6% during the fourth quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company's stock valued at $9,897,000 after buying an additional 304,748 shares during the last quarter. Hedge funds and other institutional investors own 43.04% of the company's stock.

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.