Q4 Earnings Estimate for Orla Mining Issued By Desjardins

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Equities researchers at Desjardins issued their Q4 2024 EPS estimates for Orla Mining in a research report issued on Thursday, February 13th. Desjardins analyst A. Carson forecasts that the company will earn $0.07 per share for the quarter. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.23 per share.

ORLA has been the subject of several other reports. TD Securities raised shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Scotiabank raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, TD Cowen began coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.13.

Orla Mining Price Performance

ORLA stock opened at $7.22 on Monday. Orla Mining has a 12 month low of $3.16 and a 12 month high of $7.62. The company has a market cap of $2.32 billion, a P/E ratio of -721.28 and a beta of 0.71. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Orla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORLA. FMR LLC lifted its position in Orla Mining by 17.3% in the 4th quarter. FMR LLC now owns 24,065,292 shares of the company’s stock worth $133,264,000 after buying an additional 3,553,481 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Orla Mining in the 4th quarter worth approximately $11,944,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Orla Mining in the 4th quarter worth approximately $9,668,000. CWA Asset Management Group LLC purchased a new stake in Orla Mining in the 3rd quarter worth approximately $5,927,000. Finally, The Manufacturers Life Insurance Company lifted its position in Orla Mining by 197.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company’s stock worth $4,882,000 after buying an additional 584,257 shares in the last quarter. Hedge funds and other institutional investors own 43.04% of the company’s stock.

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.