Q3 2024 Earnings Estimate for Orla Mining Ltd. (TSE:OLA) Issued By Cormark

Orla Mining Ltd. (TSE:OLA) – Cormark upped their Q3 2024 earnings per share estimates for shares of Orla Mining in a research report issued to clients and investors on Friday, October 11th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.05. The consensus estimate for Orla Mining’s current full-year earnings is $0.30 per share. Cormark also issued estimates for Orla Mining’s FY2024 earnings at $0.34 EPS and FY2025 earnings at $0.24 EPS.

A number of other equities research analysts also recently commented on the company. Scotiabank raised their target price on Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. CIBC upped their target price on shares of Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$6.34.

Orla Mining Price Performance

Orla Mining stock opened at C$6.46 on Monday. The company has a debt-to-equity ratio of 17.76, a current ratio of 5.89 and a quick ratio of 1.22. The business has a 50 day simple moving average of C$5.60 and a 200-day simple moving average of C$5.47. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$6.50. The stock has a market capitalization of C$2.07 billion, a PE ratio of -129.20 and a beta of 1.59.

Orla Mining (TSE:OLA) last released its quarterly 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 net margin of 4.12% and a negative return on equity of 2.50%. The business had revenue of C$115.71 million during the quarter.

Insider Activity at Orla Mining

In related news, Senior Officer Andrew James Bradbury sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. In related news, Senior Officer Etienne Morin sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total value of C$117,178.00. Also, Senior Officer Andrew James Bradbury sold 12,500 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total transaction of C$73,750.00. In the last 90 days, insiders have sold 101,000 shares of company stock worth $577,457. 34.48% of the stock is currently owned by corporate insiders.

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.