Desjardins Weighs in on Orla Mining Ltd.’s Q1 2024 Earnings (NYSEAMERICAN:ORLA)

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Desjardins issued their Q1 2024 earnings estimates for Orla Mining in a research report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates that the company will post earnings of $0.03 per share for the quarter. The consensus estimate for Orla Mining’s current full-year earnings is $0.12 per share.

Orla Mining Price Performance

Orla Mining stock opened at $4.08 on Thursday. Orla Mining has a 52 week low of $2.60 and a 52 week high of $4.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.04 and a current ratio of 5.07. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -45.33 and a beta of 0.88.

Orla Mining (NYSEAMERICAN:ORLA) last issued its earnings results on Tuesday, March 19th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Orla Mining had a negative net margin of 11.56% and a positive return on equity of 11.09%. The company had revenue of $62.95 million for the quarter.

Institutional Trading of Orla Mining

A number of hedge funds have recently made changes to their positions in ORLA. Barclays PLC raised its position in Orla Mining by 6.2% during the third quarter. Barclays PLC now owns 106,763 shares of the company’s stock valued at $381,000 after acquiring an additional 6,201 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Orla Mining by 9.6% in the third quarter. Mackenzie Financial Corp now owns 140,442 shares of the company’s stock valued at $464,000 after purchasing an additional 12,251 shares during the period. Quantbot Technologies LP bought a new position in shares of Orla Mining in the third quarter valued at approximately $54,000. Invesco Ltd. raised its position in shares of Orla Mining by 1.2% in the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company’s stock valued at $20,232,000 after purchasing an additional 69,920 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Orla Mining by 70.7% in the third quarter. TD Asset Management Inc now owns 792,287 shares of the company’s stock valued at $2,813,000 after purchasing an additional 328,262 shares during the period. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Company Profile

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.