Q1 2024 EPS Estimates for Orla Mining Ltd. Raised by Analyst (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Investment analysts at Cormark increased their Q1 2024 earnings per share estimates for Orla Mining in a report issued on Thursday, April 11th. Cormark analyst R. Gray now forecasts that the company will earn $0.05 per share for the quarter, up from their previous estimate 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 brokerages have also issued reports on OLA. BMO Capital Markets cut their price target on Orla Mining from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research note on Tuesday, December 19th. Stifel Nicolaus cut their price target on Orla Mining from C$6.50 to C$5.25 and set a “buy” rating on the stock in a research note on Thursday, December 21st. Finally, Desjardins cut their target price on Orla Mining from C$7.25 to C$6.50 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$6.00.

Orla Mining Trading Down 0.2 %

Shares of OLA opened at C$5.41 on Monday. The company has a quick ratio of 1.22, a current ratio of 5.07 and a debt-to-equity ratio of 22.78. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$6.53. The firm has a market capitalization of C$1.70 billion, a PE ratio of -45.08 and a beta of 1.60. The stock’s fifty day simple moving average is C$4.95 and its 200-day simple moving average is C$4.54.

Orla Mining (TSE:OLA) last issued its quarterly earnings results on Tuesday, March 19th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter.

Insider Transactions at Orla Mining

In other news, Director Timothy Quentin Haldane sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total transaction of C$124,362.50. In related news, Senior Officer John Andrew Cormier sold 5,531 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$5.05, for a total transaction of C$27,931.55. Also, Director Timothy Quentin Haldane sold 25,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total value of C$124,362.50. Insiders have sold a total of 31,735 shares of company stock valued at $158,170 over the last 90 days. 35.12% of the stock is owned by company insiders.

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.