Q1 2024 EPS Estimates for Orla Mining Ltd. (NYSEAMERICAN:ORLA) Boosted by Analyst

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Investment analysts at Cormark lifted their Q1 2024 EPS estimates for shares of Orla Mining in a report released on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.04 for the quarter, up from their previous estimate of $0.03. The consensus estimate for Orla Mining’s current full-year earnings is $0.10 per share.

Orla Mining Trading Down 3.0 %

Shares of NYSEAMERICAN:ORLA opened at $3.85 on Tuesday. Orla Mining has a one year low of $2.60 and a one year high of $4.82. The company has a quick ratio of 4.04, a current ratio of 5.07 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.21 billion, a PE ratio of 24.81 and a beta of 0.88.

Orla Mining (NYSEAMERICAN:ORLA) last issued its quarterly earnings results on Tuesday, March 19th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. Orla Mining had a negative net margin of 11.56% and a positive return on equity of 11.09%. The company had revenue of $62.95 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fairfax Financial Holdings Ltd. Can boosted its stake in Orla Mining by 21.2% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 37,697,191 shares of the company’s stock worth $121,788,000 after acquiring an additional 6,588,541 shares during the last quarter. Van ECK Associates Corp lifted its stake in Orla Mining by 0.7% in the third quarter. Van ECK Associates Corp now owns 9,838,306 shares of the company’s stock valued at $34,782,000 after buying an additional 72,209 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Orla Mining by 19.2% in the fourth quarter. First Eagle Investment Management LLC now owns 8,198,355 shares of the company’s stock valued at $26,730,000 after buying an additional 1,323,223 shares in the last quarter. Franklin Resources Inc. lifted its stake in Orla Mining by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 7,972,555 shares of the company’s stock valued at $25,994,000 after buying an additional 475,000 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Orla Mining by 1.2% in the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company’s stock valued at $20,232,000 after buying an additional 69,920 shares in the last quarter. Institutional investors own 43.04% 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.