Equities Analysts Issue Forecasts for Orla Mining Ltd.’s Q1 2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Analysts at Desjardins issued their Q1 2024 EPS estimates for Orla Mining in a note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates that the company will post earnings of $0.04 per share for the quarter. Desjardins currently has a “Buy” rating and a $6.50 target price on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.16 per share.

Separately, Stifel Nicolaus boosted their target price on shares of Orla Mining from C$5.25 to C$6.00 in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$6.11.

Orla Mining Stock Performance

TSE:OLA opened at C$5.50 on Thursday. The company has a debt-to-equity ratio of 22.78, a current ratio of 5.07 and a quick ratio of 1.22. The firm has a market capitalization of C$1.73 billion, a price-to-earnings ratio of -45.83 and a beta of 1.60. The company’s 50-day moving average is C$5.07 and its two-hundred day moving average is C$4.59. Orla Mining has a 1-year low of C$3.53 and a 1-year high of C$6.52.

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

Insider Buying and Selling

In related news, Senior Officer John Andrew Cormier sold 5,531 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total transaction of C$27,931.55. In other Orla Mining news, Senior Officer John Andrew Cormier sold 5,531 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total value of C$27,931.55. Also, Director Timothy Quentin Haldane sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total transaction of C$124,362.50. Insiders have sold a total of 31,735 shares of company stock valued at $158,170 in the last ninety days. Company insiders own 35.12% of the company’s stock.

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.