Q3 Earnings Estimate for Orla Mining Issued By Stifel Canada

Orla Mining Ltd. (TSE:OLA) – Investment analysts at Stifel Canada issued their Q3 2024 earnings estimates for Orla Mining in a research note issued to investors on Monday, October 21st. Stifel Canada analyst S. Soock expects that the company will post earnings of $0.15 per share for the quarter. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Stifel Canada also issued estimates for Orla Mining’s FY2024 earnings at $0.41 EPS, FY2025 earnings at $0.44 EPS and FY2026 earnings at $0.35 EPS.

Several other analysts have also recently weighed in on the company. CIBC lifted their price target on Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. Stifel Nicolaus increased their price objective on Orla Mining from C$6.50 to C$8.00 in a research report on Monday. Finally, Scotiabank boosted their target price on shares of Orla Mining from C$5.25 to C$6.00 in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Orla Mining has a consensus rating of “Moderate Buy” and a consensus price target of C$6.56.

Orla Mining Trading Down 2.0 %

Shares of TSE:OLA opened at C$6.95 on Thursday. Orla Mining has a 12-month low of C$3.53 and a 12-month high of C$7.09. The business has a 50 day moving average of C$5.81 and a 200-day moving average of C$5.53. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76. The stock has a market cap of C$2.22 billion, a PE ratio of -139.00 and a beta of 1.57.

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

Insider Buying and Selling at Orla Mining

In other Orla Mining news, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total value of C$107,960.00. In related news, Director Jean Robitaille sold 46,600 shares of Orla Mining stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$5.74, for a total transaction of C$267,549.24. Also, Director Elizabeth Dianne Mcgregor sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$5.40, for a total transaction of C$107,960.00. Insiders sold a total of 101,000 shares of company stock worth $577,457 over the last three months. Corporate insiders own 51.68% 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.