Cormark's Earnings Estimate for Orla Mining in FY2024

On February 26, 2025, Cormark, a research firm, updated its earnings estimates for Orla Mining Ltd. (NYSEAMERICAN:ORLA). Analyst R. Gray announced a decrease in the projected earnings per share (EPS) for the fiscal year 2024, now estimating it at $0.25, down slightly from the previous estimate of $0.26. In comparison, the consensus among analysts is that Orla Mining's earnings for the current full year will average around $0.24 per share.

Cormark also provided earnings estimates for the fourth quarter of 2024, forecasting that Orla Mining will achieve an EPS of $0.06 for this period. Additionally, for the fiscal year 2025, the firm predicts earnings to reach $0.60 per share.

Other research analysts have offered their insights regarding Orla Mining's stock performance recently. Scotiabank has upgraded its rating from “hold” to “strong-buy” as of November 27, indicating optimism towards the company's future. In contrast, TD Cowen began covering Orla Mining with a “hold” rating on February 4, 2025, and the same day, TD Securities also rated the stock as a “hold.” Currently, the company has two analysts rating the stock as a hold, one as a buy, and one as a strong buy. According to MarketBeat, Orla Mining holds an average rating of “Moderate Buy” and has a consensus target price of $6.13.

Recent Price Trends for Orla Mining

As of March 1, 2025, Orla Mining’s stock opened at $7.01. The company has a market capitalization of $2.26 billion and a price-to-earnings (PE) ratio of -700.30, indicating it has not turned a profit yet. With a beta value of 0.71, the stock displays a relatively low level of volatility compared to the overall market. Financial ratios for Orla Mining illustrate a debt-to-equity ratio of 0.12, showcasing low debt levels, alongside a current ratio of 4.54 and a quick ratio of 3.95, both of which indicate good short-term financial health. The stock has shown a 12-month range, hitting a low of $3.24 and a high of $7.62.

Investment Trends in Orla Mining

In terms of institutional ownership, several investment firms have recently adjusted their positions in Orla Mining. For instance, during the third quarter, Allspring Global Investments Holdings LLC increased its shareholding in the company by 50%, acquiring an additional 150,000 shares to reach a total of 450,000 shares valued at approximately $1.81 million. International Assets Investment Management LLC established a new position in Orla Mining worth $43,000 during the same period, while CWA Asset Management Group LLC also bought new shares amounting to $5.93 million. Dynamic Technology Lab Private Ltd., acquiring a stake worth $242,000, and The Manufacturers Life Insurance Company increasing its holding by 67.2%, have contributed to the overall institutional investor support. Currently, institutional investors possess around 43.04% of Orla Mining’s stock.

Overview of Orla Mining

Orla Mining Ltd. is dedicated to exploring, acquiring, and developing mineral properties, with a focus on gold, silver, zinc, lead, and copper deposits. The company holds 100% interests in key projects, including the Camino Rojo project spanning 138,636 hectares in Zacatecas, Mexico; the Cerro Quema project located on the Azuero Peninsula in Panama, covering 15,000 hectares; and the South Railroad project, which encompasses an area of 21,000 hectares in Elko, Nevada.

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