Q4 Earnings Estimate for Orla Mining Issued By Desjardins

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

Other analysts have also recently issued reports about the stock. 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 report on Wednesday, November 27th. Finally, TD Cowen assumed coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They set 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Orla Mining currently has a consensus rating of “Moderate Buy” and an average target price of $6.13.

Orla Mining Price Performance

Shares of NYSEAMERICAN ORLA opened at $7.22 on Monday. Orla Mining has a 52-week low of $3.16 and a 52-week high of $7.62. The firm has a market cap of $2.32 billion, a PE ratio of -721.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

Institutional Investors Weigh In On Orla Mining

Several institutional investors and hedge funds have recently bought and sold shares of ORLA. FMR LLC grew 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 purchasing an additional 3,553,481 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Orla Mining in the fourth quarter valued at approximately $11,944,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Orla Mining in the fourth quarter valued at approximately $9,668,000. CWA Asset Management Group LLC bought a new position in shares of Orla Mining in the third quarter valued at approximately $5,927,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Orla Mining by 197.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company’s stock valued at $4,882,000 after acquiring an additional 584,257 shares in the last quarter. Institutional investors and hedge funds 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.