Cormark Analysts Lift Earnings Estimates for Orla Mining Ltd. (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Investment analysts at Cormark lifted their Q1 2024 EPS estimates for Orla Mining in a research note issued on Thursday, April 11th. Cormark analyst R. Gray now expects that the company will post earnings of $0.05 per share for the quarter, up from their previous forecast 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.

Orla Mining (TSE:OLA) last released its quarterly earnings data on Tuesday, March 19th. The company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.02. Orla Mining had a negative net margin of 11.56% and a negative return on equity of 6.77%. The firm had revenue of C$85.70 million during the quarter.

OLA has been the subject of several other reports. Stifel Nicolaus cut their target price on shares of Orla Mining from C$6.50 to C$5.25 and set a “buy” rating for the company in a research report on Thursday, December 21st. BMO Capital Markets dropped their target price on shares of Orla Mining from C$8.00 to C$7.50 and set an “outperform” rating for the company in a research report on Tuesday, December 19th. Finally, Desjardins dropped their target price on shares of Orla Mining from C$7.25 to C$6.50 and set a “buy” rating for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Orla Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.00.

Orla Mining Stock Performance

Shares of TSE OLA opened at C$5.42 on Monday. The firm has a 50 day moving average of C$4.94 and a 200 day moving average of C$4.54. The company has a current ratio of 5.07, a quick ratio of 1.22 and a debt-to-equity ratio of 22.78. The firm has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -45.17 and a beta of 1.60. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$6.53.

Insider Activity at Orla Mining

In other news, Director Timothy Quentin Haldane sold 25,000 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total value of C$124,362.50. In other Orla Mining news, Senior Officer John Andrew Cormier sold 5,531 shares of the stock in a transaction dated Wednesday, March 27th. The shares were 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 transaction 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 corporate insiders.

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.