Cormark Analysts Lift Earnings Estimates for Orla Mining Ltd. (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Analysts at Cormark boosted their Q1 2024 earnings per share (EPS) estimates for Orla Mining in a research note issued on Thursday, April 11th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.05 per share for the quarter, up from their prior forecast of $0.04. The consensus estimate for Orla Mining’s current full-year earnings is $0.16 per share. Cormark also issued estimates for Orla Mining’s FY2025 earnings at $0.14 EPS.

Several other research analysts have also weighed in on the company. Desjardins reduced their target price on Orla Mining from C$7.25 to C$6.50 and set a “buy” rating on the stock in a report on Wednesday, January 17th. Stifel Nicolaus reduced their target price on Orla Mining from C$6.50 to C$5.25 and set a “buy” rating on the stock in a report on Thursday, December 21st. Finally, BMO Capital Markets reduced their target price on Orla Mining from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$6.00.

Orla Mining Stock Performance

OLA stock opened at C$5.42 on Monday. The business’s 50-day moving average price is C$4.94 and its two-hundred day moving average price is C$4.54. The company has a current ratio of 5.07, a quick ratio of 1.22 and a debt-to-equity ratio of 22.78. The firm has a market cap of C$1.71 billion, a PE ratio of -45.17 and a beta of 1.60. Orla Mining has a 1-year low of C$3.53 and a 1-year high of C$6.53.

Orla Mining (TSE:OLA) last announced its quarterly earnings data on Tuesday, March 19th. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. Orla Mining had a negative return on equity of 6.77% and a negative net margin of 11.56%. The business had revenue of C$85.70 million during the quarter.

Insider Activity

In other news, Senior Officer John Andrew Cormier sold 5,531 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$5.05, for a total value of C$27,931.55. In other news, Director Timothy Quentin Haldane sold 25,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total value of C$124,362.50. Also, Senior Officer John Andrew Cormier sold 5,531 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total transaction of C$27,931.55. Insiders have sold a total of 31,735 shares of company stock worth $158,170 over the last three months. Corporate insiders own 35.12% 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.