What is Cormark's Forecast for Orla Mining FY2026 Earnings?

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Equities research analysts at Cormark cut their FY2026 earnings per share estimates for shares of Orla Mining in a research report issued to clients and investors on Thursday, March 20th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.74 per share for the year, down from their previous forecast of $0.90. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

Other equities research analysts also recently issued research reports about the stock. TD Cowen initiated coverage on shares of Orla Mining in a research note on Tuesday, February 4th. They set a "hold" rating for the company. TD Securities raised shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Stifel Canada raised Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Scotiabank upgraded shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $6.13.

Orla Mining Stock Performance

NYSEAMERICAN ORLA traded up $0.22 on Monday, reaching $9.31. The stock had a trading volume of 818,286 shares, compared to its average volume of 545,469. The firm has a market capitalization of $3.00 billion, a PE ratio of -930.07 and a beta of 0.71. Orla Mining has a 12-month low of $3.24 and a 12-month high of $9.62. The company's 50-day moving average is $7.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in Orla Mining by 17.3% during the fourth quarter. FMR LLC now owns 24,065,292 shares of the company's stock worth $133,264,000 after buying an additional 3,553,481 shares during the period. Franklin Resources Inc. increased its holdings in Orla Mining by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 7,578,812 shares of the company's stock valued at $41,914,000 after purchasing an additional 31,700 shares in the last quarter. Amundi lifted its stake in shares of Orla Mining by 6.7% during the fourth quarter. Amundi now owns 2,475,689 shares of the company's stock worth $14,483,000 after purchasing 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 grew its stake in shares of Orla Mining by 20.6% in 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 in the last quarter. Institutional investors and hedge funds own 43.04% of the company's stock.

Orla Mining Company Profile

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.