Scotiabank Predicts Orla Mining’s FY2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Scotiabank raised their FY2024 earnings estimates for Orla Mining in a report released on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn $0.31 per share for the year, up from their previous estimate of $0.30. Scotiabank currently has a “Outperform” rating and a $7.75 target price on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share.

A number of other brokerages also recently commented on OLA. Desjardins upgraded Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. CIBC raised their target price on shares of Orla Mining from C$8.50 to C$9.25 in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus lifted their target price on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd.

Orla Mining Stock Up 2.4 %

Shares of TSE:OLA opened at C$8.59 on Friday. The stock’s 50-day moving average is C$7.19 and its 200 day moving average is C$6.18. The company has a market cap of C$2.75 billion, a PE ratio of -171.80 and a beta of 1.57. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. Orla Mining has a 1 year low of C$4.07 and a 1 year high of C$8.67.

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.