Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) – Equities researchers at Cormark boosted their Q1 2024 earnings estimates for Orla Mining in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.04 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for Orla Mining’s current full-year earnings is $0.10 per share.
Orla Mining Price Performance
Shares of ORLA opened at $4.01 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.04 and a current ratio of 5.07. Orla Mining has a 1-year low of $2.60 and a 1-year high of $4.82. The stock has a market capitalization of $1.26 billion, a P/E ratio of -44.56 and a beta of 0.88.
Hedge Funds Weigh In On Orla Mining
Several institutional investors and hedge funds have recently bought and sold shares of ORLA. Barclays PLC increased its holdings in Orla Mining by 6.2% in the third quarter. Barclays PLC now owns 106,763 shares of the company’s stock worth $381,000 after buying an additional 6,201 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Orla Mining by 9.6% in the third quarter. Mackenzie Financial Corp now owns 140,442 shares of the company’s stock worth $464,000 after buying an additional 12,251 shares during the last quarter. Quantbot Technologies LP acquired a new position in Orla Mining in the third quarter worth approximately $54,000. Invesco Ltd. increased its holdings in Orla Mining by 1.2% in the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company’s stock worth $20,232,000 after buying an additional 69,920 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in Orla Mining by 70.7% in the third quarter. TD Asset Management Inc now owns 792,287 shares of the company’s stock worth $2,813,000 after buying an additional 328,262 shares during the last quarter. Hedge funds and other institutional investors 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.
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