Scotiabank Has Weak Forecast for Orla Mining FY2026 Earnings

Orla Mining Ltd. (TSE:OLA - Free Report) - Scotiabank lowered their FY2026 earnings estimates for Orla Mining in a report issued on Wednesday, March 19th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.66 per share for the year, down from their previous estimate of $0.73. The consensus estimate for Orla Mining's current full-year earnings is $0.34 per share.

Other equities analysts also recently issued reports about the company. BMO Capital Markets boosted their price objective on Orla Mining from C$12.50 to C$14.50 in a research report on Thursday, March 20th. Cormark raised their price objective on shares of Orla Mining from C$10.00 to C$12.00 in a report on Thursday, March 20th. Desjardins boosted their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. TD Securities upgraded Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus set a C$15.50 price target on Orla Mining and gave the company a "buy" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$11.86.

Orla Mining Stock Up 2.8 %

Shares of TSE OLA traded up C$0.37 during mid-day trading on Monday, hitting C$13.36. The company had a trading volume of 587,437 shares, compared to its average volume of 631,292. Orla Mining has a 1-year low of C$4.60 and a 1-year high of C$13.76. The company has a market capitalization of C$3.03 billion, a PE ratio of 285.56 and a beta of 1.57. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The business's 50-day simple moving average is C$10.31 and its 200 day simple moving average is C$8.01.

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Insider Buying and Selling at Orla Mining

In other news, Director Charles A. Jeannes sold 15,023 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37. Also, Senior Officer Etienne Morin sold 77,470 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$13.00, for a total value of C$1,007,110.00. Over the last quarter, insiders sold 185,399 shares of company stock worth $2,417,805. 51.68% of the stock is owned by insiders.

About Orla Mining

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.