What is Cormark’s Estimate for Orla Mining FY2024 Earnings?

Orla Mining Ltd. (TSE:OLA) – Equities research analysts at Cormark decreased their FY2024 earnings per share estimates for shares of Orla Mining in a note issued to investors on Wednesday, February 26th. Cormark analyst R. Gray now expects that the company will post earnings of $0.36 per share for the year, down from their previous estimate of $0.37. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Cormark also issued estimates for Orla Mining’s Q4 2024 earnings at $0.09 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.36 EPS, FY2025 earnings at $0.85 EPS and FY2025 earnings at $0.85 EPS.

Other equities research analysts have also issued research reports about the stock. TD Securities raised shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Scotiabank raised their target price on Orla Mining from C$7.75 to C$8.75 in a report on Wednesday, January 15th. CIBC boosted their price target on shares of Orla Mining from C$11.00 to C$11.50 in a report on Wednesday. Stifel Nicolaus lifted their target price on Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Finally, Desjardins increased their price target on Orla Mining from C$10.00 to C$12.00 and gave the stock a “buy” rating in a report on Thursday, February 13th.

Orla Mining Price Performance

TSE OLA opened at C$10.15 on Friday. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. Orla Mining has a 1 year low of C$4.30 and a 1 year high of C$10.92. The stock’s fifty day moving average price is C$8.93 and its 200 day moving average price is C$7.17. The company has a market cap of C$2.30 billion, a price-to-earnings ratio of 216.95 and a beta of 1.57.

About Orla Mining

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.