Cormark Comments on Orla Mining’s FY2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Investment analysts at Cormark upped their FY2024 earnings per share (EPS) estimates for Orla Mining in a report issued on Friday, November 15th. Cormark analyst R. Gray now anticipates that the company will earn $0.35 per share for the year, up from their prior forecast of $0.34. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Cormark also issued estimates for Orla Mining’s Q4 2024 earnings at $0.08 EPS and FY2025 earnings at $0.32 EPS.

Several other equities research analysts also recently weighed in on the company. Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of Orla Mining from C$6.50 to C$8.00 in a report on Monday, October 21st. Finally, Scotiabank boosted their target price on shares of Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$6.79.

Orla Mining Stock Performance

Shares of TSE OLA opened at C$5.55 on Monday. The stock has a market cap of C$1.77 billion, a price-to-earnings ratio of -111.00 and a beta of 1.57. The company has a 50 day simple moving average of C$6.08 and a two-hundred day simple moving average of C$5.65. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$7.16. The company has a current ratio of 5.89, a quick ratio of 1.22 and a debt-to-equity ratio of 17.76.

Insider Buying and Selling

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 value of C$267,549.24. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s 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. In the last quarter, insiders sold 81,000 shares of company stock valued at $469,497. 51.68% of the stock is owned by corporate insiders.

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.