FY2024 EPS Estimates for Orla Mining Reduced by Desjardins

Orla Mining Ltd. (TSE:OLA) – Desjardins reduced their FY2024 earnings per share estimates for Orla Mining in a note issued to investors on Tuesday, November 12th. Desjardins analyst A. Carson now expects that the company will earn $0.31 per share for the year, down from their previous estimate of $0.33. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Desjardins also issued estimates for Orla Mining’s FY2025 earnings at $0.36 EPS and FY2026 earnings at $0.39 EPS.

Orla Mining (TSE:OLA) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.01). The firm had revenue of C$115.71 million for the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%.

A number of other analysts also recently issued reports on OLA. Scotiabank boosted their price objective on shares of Orla Mining from C$5.25 to C$6.00 in a report on Thursday, October 10th. Stifel Nicolaus boosted their price target on Orla Mining from C$6.50 to C$8.00 in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$6.56.

Orla Mining Trading Down 9.8 %

Shares of Orla Mining stock opened at C$5.55 on Thursday. Orla Mining has a 52-week low of C$3.53 and a 52-week high of C$7.16. The stock has a market cap of C$1.77 billion, a PE ratio of -111.00 and a beta of 1.57. The firm has a 50-day moving average of C$6.08 and a 200-day moving average of C$5.65. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89.

Insiders Place Their Bets

In other news, Director Jean Robitaille sold 46,600 shares of Orla Mining stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total value of C$267,549.24. In other Orla Mining news, Senior Officer Andrew James Bradbury sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Director Jean Robitaille sold 46,600 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$5.74, for a total transaction of C$267,549.24. Insiders sold 81,000 shares of company stock worth $469,497 over the last three months. Insiders own 51.68% 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.