Orla Mining Ltd. (TSE:OLA - Free Report) - Scotiabank lifted their FY2024 earnings per share estimates for Orla Mining in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.31 for the year, up from their prior estimate of $0.30. Scotiabank has a "Outperform" rating and a $7.75 price objective on the stock. The consensus estimate for Orla Mining's current full-year earnings is $0.34 per share.
Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus upped their target price on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. CIBC upped their price objective on shares of Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th. Finally, Desjardins upgraded Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st.
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Orla Mining Trading Down 1.3 %
Shares of TSE:OLA traded down C$0.11 during mid-day trading on Friday, reaching C$8.48. The stock had a trading volume of 752,536 shares, compared to its average volume of 588,864. The firm has a 50 day simple moving average of C$7.23 and a two-hundred day simple moving average of C$6.19. Orla Mining has a twelve month low of C$4.07 and a twelve month high of C$8.67. The firm has a market cap of C$2.71 billion, a PE ratio of -169.60 and a beta of 1.57. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76.
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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