Brokers Set Expectations for Orla Mining FY2024 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLAFree Report) – Analysts at Stifel Canada reduced their FY2024 earnings per share estimates for shares of Orla Mining in a research report issued to clients and investors on Monday, December 2nd. Stifel Canada analyst S. Soock now expects that the company will earn $0.10 per share for the year, down from their prior estimate of $0.25. The consensus estimate for Orla Mining’s current full-year earnings is $0.23 per share.

A number of other analysts also recently issued reports on the company. Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st.

View Our Latest Stock Report on ORLA

Orla Mining Stock Performance

Shares of NYSEAMERICAN:ORLA opened at $4.89 on Wednesday. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. Orla Mining has a 1-year low of $2.60 and a 1-year high of $5.16. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -488.51 and a beta of 0.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Orla Mining by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock valued at $679,000 after acquiring an additional 4,827 shares during the period. International Assets Investment Management LLC bought a new position in Orla Mining in the third quarter valued at about $43,000. Kitching Partners LLC bought a new position in Orla Mining in the third quarter valued at about $48,000. Geode Capital Management LLC lifted its holdings in Orla Mining by 11.9% in the third quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock valued at $463,000 after acquiring an additional 12,159 shares during the period. Finally, Jane Street Group LLC increased its position in Orla Mining by 7.8% in the third quarter. Jane Street Group LLC now owns 212,002 shares of the company’s stock worth $853,000 after buying an additional 15,404 shares in the last quarter. 43.04% of the stock is owned by institutional investors.

Orla Mining Company Profile

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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.

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Earnings History and Estimates for Orla Mining (NYSEAMERICAN:ORLA)

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