Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) – Equities research analysts at Cormark boosted their FY2024 earnings estimates for shares of Orla Mining in a research note issued on Friday, January 17th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.25. The consensus estimate for Orla Mining’s current full-year earnings is $0.20 per share. Cormark also issued estimates for Orla Mining’s Q4 2024 earnings at $0.08 EPS and Q1 2025 earnings at $0.06 EPS.
A number of other equities analysts also recently weighed in on ORLA. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th.
Orla Mining Trading Up 2.5 %
ORLA stock opened at $5.76 on Monday. Orla Mining has a fifty-two week low of $3.13 and a fifty-two week high of $6.05. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -575.42 and a beta of 0.69. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12.
Institutional Trading of Orla Mining
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWA Asset Management Group LLC raised its position in shares of Orla Mining by 20.6% during the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock valued at $9,897,000 after buying an additional 304,748 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Orla Mining by 262.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock valued at $1,138,000 after purchasing an additional 205,911 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Orla Mining in the 3rd quarter valued at approximately $90,000. Barclays PLC increased its position in shares of Orla Mining by 86.5% during the 3rd quarter. Barclays PLC now owns 47,177 shares of the company’s stock valued at $189,000 after purchasing an additional 21,877 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Orla Mining by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock valued at $463,000 after purchasing an additional 12,159 shares during the last quarter. 43.04% of the stock is currently owned by institutional investors.
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.
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