Cormark Comments on Orla Mining Ltd.'s Q3 2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA - Free Report) - Cormark boosted their Q3 2024 earnings per share (EPS) estimates for Orla Mining in a report released on Friday, October 11th. Cormark analyst R. Gray now forecasts that the company will earn $0.10 per share for the quarter, up from their previous forecast of $0.05. The consensus estimate for Orla Mining's current full-year earnings is $0.30 per share. Cormark also issued estimates for Orla Mining's FY2024 earnings at $0.34 EPS and FY2025 earnings at $0.24 EPS.

OLA has been the subject of several other research reports. CIBC increased their price objective on Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Scotiabank increased their price objective on Orla Mining from C$5.25 to C$6.00 in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$6.34.

Orla Mining Stock Performance

Shares of Orla Mining stock traded up C$0.01 during trading hours on Monday, hitting C$6.19. 1,151,370 shares of the company were exchanged, compared to its average volume of 468,229. Orla Mining has a 1 year low of C$3.53 and a 1 year high of C$6.37. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76. The business has a 50-day moving average of C$5.54 and a 200-day moving average of C$5.46. The stock has a market capitalization of C$1.98 billion, a price-to-earnings ratio of -123.80 and a beta of 1.59.

Orla Mining (TSE:OLA - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.09 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.01). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. The company had revenue of C$115.71 million for the quarter.

Insider Activity at Orla Mining

In related news, Director Jean Robitaille sold 46,600 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. In related news, Director Jean Robitaille sold 46,600 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. Insiders have sold a total of 101,000 shares of company stock valued at $577,457 over the last quarter. Insiders own 34.48% 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.