Cormark Issues Pessimistic Estimate for Orla Mining Earnings

Orla Mining Ltd. (TSE:OLA) – Stock analysts at Cormark lowered their FY2024 earnings estimates for Orla Mining in a report issued on Wednesday, February 26th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.36 for the year, down from their prior forecast of $0.37. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Cormark also issued estimates for Orla Mining’s Q4 2024 earnings at $0.09 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.36 EPS, FY2025 earnings at $0.85 EPS and FY2025 earnings at $0.85 EPS.

A number of other research analysts have also weighed in on OLA. Desjardins raised their price target on shares of Orla Mining from C$10.00 to C$12.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus raised their price target on shares of Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. Scotiabank raised their price target on shares of Orla Mining from C$7.75 to C$8.75 in a research report on Wednesday, January 15th. TD Securities raised shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, CIBC lifted their price objective on shares of Orla Mining from C$11.00 to C$11.50 in a research report on Wednesday.

Orla Mining Stock Down 0.2 %

Shares of TSE OLA opened at C$10.13 on Friday. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The company has a 50-day moving average price of C$8.97 and a 200-day moving average price of C$7.19. Orla Mining has a 1 year low of C$4.42 and a 1 year high of C$10.92. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 216.52 and a beta of 1.57.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.