Cormark Issues Pessimistic Forecast for Orla Mining Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Stock analysts at Cormark dropped their Q1 2025 earnings per share estimates for shares of Orla Mining in a research report issued to clients and investors on Wednesday, April 2nd. Cormark analyst R. Gray now anticipates that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.07. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share.

Several other research firms also recently weighed in on ORLA. TD Cowen started coverage on Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating on the stock. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $6.13.

Orla Mining Trading Up 0.7 %

Shares of ORLA stock opened at $8.29 on Monday. The company has a market cap of $2.67 billion, a PE ratio of -828.17 and a beta of 0.71. Orla Mining has a 1 year low of $3.24 and a 1 year high of $9.65. The stock’s 50 day simple moving average is $7.66 and its two-hundred day simple moving average is $5.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ORLA. Mackenzie Financial Corp increased its holdings in Orla Mining by 17.2% during the 4th quarter. Mackenzie Financial Corp now owns 145,765 shares of the company’s stock worth $806,000 after purchasing an additional 21,353 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Orla Mining during the fourth quarter valued at $84,000. Two Sigma Investments LP raised its holdings in shares of Orla Mining by 453.8% in the fourth quarter. Two Sigma Investments LP now owns 360,170 shares of the company’s stock valued at $1,995,000 after acquiring an additional 295,133 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Orla Mining by 167.4% in the fourth quarter. Toronto Dominion Bank now owns 45,906 shares of the company’s stock valued at $254,000 after acquiring an additional 28,741 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its stake in Orla Mining by 11.8% in the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company’s stock worth $107,000 after acquiring an additional 2,048 shares during the period. 43.04% of the stock is currently owned by institutional investors.

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.