Q1 2024 Earnings Estimate for Orla Mining Ltd. (NYSEAMERICAN:ORLA) Issued By Desjardins

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Analysts at Desjardins issued their Q1 2024 earnings estimates for Orla Mining in a report released on Tuesday, April 23rd. Desjardins analyst J. Sclodnick expects that the company will earn $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 Trading Down 1.7 %

Shares of ORLA stock opened at $4.03 on Thursday. Orla Mining has a 12 month low of $2.60 and a 12 month 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 company has a market cap of $1.27 billion, a price-to-earnings ratio of -44.78 and a beta of 0.88.

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

Institutional Investors Weigh In On Orla Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI lifted its position in Orla Mining by 26.4% in the third quarter. National Bank of Canada FI now owns 327,300 shares of the company’s stock worth $1,111,000 after purchasing an additional 68,312 shares during the period. Mackenzie Financial Corp lifted its position 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 purchasing an additional 12,251 shares during the period. TD Asset Management Inc lifted its position 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 purchasing an additional 328,262 shares during the period. CIBC Asset Management Inc lifted its position in Orla Mining by 498.8% in the third quarter. CIBC Asset Management Inc now owns 231,055 shares of the company’s stock worth $819,000 after purchasing an additional 192,466 shares during the period. Finally, Barclays PLC lifted its position 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 purchasing an additional 6,201 shares during the period. Institutional investors and hedge funds own 43.04% of the company’s stock.

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.