Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Stock analysts at Cormark issued their FY2028 earnings estimates for Orla Mining in a research report issued on Tuesday, November 19th. Cormark analyst R. Gray forecasts that the company will post earnings of $1.03 per share for the year. The consensus estimate for Orla Mining's current full-year earnings is $0.23 per share.
A number of other equities research analysts have also recently weighed in on the company. Desjardins raised Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. Scotiabank lifted their target price on Orla Mining from $5.75 to $6.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th.
Check Out Our Latest Stock Report on Orla Mining
Orla Mining Stock Performance
NYSEAMERICAN:ORLA opened at $4.35 on Thursday. The company has a market cap of $1.40 billion, a P/E ratio of 18.91 and a beta of 0.79. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. Orla Mining has a 12-month low of $2.60 and a 12-month high of $5.16.
Hedge Funds Weigh In On Orla Mining
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Orla Mining in the 3rd quarter valued at about $43,000. Kitching Partners LLC acquired a new position in Orla Mining in the 3rd quarter valued at approximately $48,000. Walleye Capital LLC purchased a new stake in Orla Mining in the 3rd quarter worth approximately $69,000. DF Dent & Co. Inc. acquired a new stake in shares of Orla Mining during the 3rd quarter valued at $80,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Orla Mining during the 2nd quarter valued at $102,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.
About Orla Mining
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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.
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