Orla Mining Ltd. to Post FY2024 Earnings of $0.16 Per Share, Desjardins Forecasts (NYSEAMERICAN:ORLA)

Orla Mining Ltd. (NYSEAMERICAN:ORLAFree Report) – Stock analysts at Desjardins lowered their FY2024 earnings per share estimates for shares of Orla Mining in a research note issued to investors on Tuesday, January 16th. Desjardins analyst J. Sclodnick now forecasts that the company will post earnings per share of $0.16 for the year, down from their prior forecast of $0.23. The consensus estimate for Orla Mining’s current full-year earnings is $0.14 per share. Desjardins also issued estimates for Orla Mining’s FY2026 earnings at $0.28 EPS.

Orla Mining (NYSEAMERICAN:ORLAGet Free Report) last posted its quarterly earnings data on Monday, November 13th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $60.29 million for the quarter. Orla Mining had a return on equity of 12.28% and a net margin of 22.04%.

A number of other brokerages also recently weighed in on ORLA. Royal Bank of Canada assumed coverage on Orla Mining in a report on Friday, December 15th. They set an “outperform” rating on the stock. TheStreet downgraded Orla Mining from a “b-” rating to a “c+” rating in a report on Monday, October 2nd.

Get Our Latest Stock Analysis on ORLA

Orla Mining Stock Down 1.3 %

Shares of ORLA stock opened at $3.15 on Thursday. The firm has a market capitalization of $992.47 million, a price-to-earnings ratio of 17.72 and a beta of 0.88. Orla Mining has a fifty-two week low of $2.60 and a fifty-two week high of $5.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.43 and a current ratio of 2.91.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. First Trust Advisors LP bought a new stake in Orla Mining in the 3rd quarter valued at about $34,000. Tower Research Capital LLC TRC bought a new stake in Orla Mining in the 1st quarter valued at about $37,000. Cubist Systematic Strategies LLC bought a new stake in Orla Mining in the 3rd quarter valued at about $52,000. Bank of Nova Scotia bought a new stake in Orla Mining in the 3rd quarter valued at about $53,000. Finally, Quantbot Technologies LP bought a new stake in Orla Mining in the 3rd quarter valued at about $54,000. 36.27% of the stock is owned by institutional investors.

Orla Mining Company Profile

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Orla Mining Ltd. acquires, explores, operates, and develops 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; and Cerro Quema project totaling an area of 14,893 hectares located in the Azuero Peninsula, Panama.

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