FY2024 EPS Estimates for Orla Mining Cut by Desjardins

Orla Mining Ltd. (TSE:OLA) – Stock analysts at Desjardins cut their FY2024 EPS estimates for shares of Orla Mining in a research note issued to investors on Tuesday, November 12th. Desjardins analyst A. Carson now anticipates that the company will earn $0.31 per share for the year, down from their prior estimate of $0.33. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Desjardins also issued estimates for Orla Mining’s FY2025 earnings at $0.36 EPS and FY2026 earnings at $0.39 EPS.

Orla Mining (TSE:OLA) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). The business had revenue of C$115.71 million for the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%.

Several other equities analysts have also issued reports on OLA. Stifel Nicolaus boosted their price target on Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st. Scotiabank increased their target price on shares of Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$6.56.

Orla Mining Stock Down 9.8 %

Shares of Orla Mining stock opened at C$5.55 on Thursday. The stock’s 50-day moving average is C$6.08 and its 200 day moving average is C$5.65. Orla Mining has a one year low of C$3.53 and a one year high of C$7.16. The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of -111.00 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.

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. In related news, Senior Officer Etienne Morin sold 20,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total value of C$117,178.00. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. In the last 90 days, insiders sold 81,000 shares of company stock worth $469,497. 51.68% of the stock is owned by corporate 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.