Q4 Earnings Estimate for Orla Mining Issued By Desjardins

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Desjardins issued their Q4 2024 earnings estimates for shares of Orla Mining in a report released on Thursday, February 13th. Desjardins analyst A. Carson expects that the company will earn $0.07 per share for the quarter. Desjardins currently has a "Moderate Buy" rating on the stock. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

A number of other research analysts also recently issued reports on the company. Scotiabank upgraded Orla Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. TD Securities raised Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Finally, TD Cowen began coverage on Orla Mining in a research note on Tuesday, February 4th. They issued a "hold" rating for the company. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $6.13.

Orla Mining Stock Up 0.3 %

Shares of Orla Mining stock traded up $0.02 on Monday, hitting $7.12. The stock had a trading volume of 454,467 shares, compared to its average volume of 682,323. Orla Mining has a one year low of $3.16 and a one year high of $7.62. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -711.29 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

Hedge Funds Weigh In On Orla Mining

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in Orla Mining by 50.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company's stock worth $1,812,000 after purchasing an additional 150,000 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Orla Mining in the 3rd quarter worth $43,000. CWA Asset Management Group LLC bought a new stake in shares of Orla Mining in the third quarter worth $5,927,000. Dynamic Technology Lab Private Ltd purchased a new stake in Orla Mining during the third quarter valued at $242,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Orla Mining by 67.2% in the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company's stock valued at $1,192,000 after acquiring an additional 118,961 shares during the period. Hedge funds and other institutional investors 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.