Orla Mining FY2027 EPS Estimate Decreased by Stifel Canada

Key Points

• Analysts at Stifel Canada have revised their FY2027 earnings per share estimate for Orla Mining to $0.96, down from $0.98, while the consensus estimate for the current full year is $0.24.
• CIBC has maintained an "outperform" rating on Orla Mining, which currently holds a consensus buy rating and a target price of $14.50.
• Institutional ownership in Orla Mining has increased significantly, with Connor Clark & Lunn Investment Management boosting its stake by 33.7% and PCJ Investment Counsel raising its position by 81.6% in the second quarter.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Stifel Canada dropped their FY2027 earnings per share estimates for shares of Orla Mining in a note issued to investors on Tuesday, August 5th. Stifel Canada analyst I. Rico now anticipates that the company will post earnings of $0.96 per share for the year, down from their prior estimate of $0.98. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

Separately, CIBC reiterated an "outperform" rating on shares of Orla Mining in a report on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $14.50.

Orla Mining Price Performance

Shares of ORLA stock traded up $0.26 during trading on Thursday, hitting $10.35. The company had a trading volume of 816,985 shares, compared to its average volume of 1,326,905. Orla Mining has a 52 week low of $3.48 and a 52 week high of $12.83. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -1,035.50 and a beta of 0.34. The stock's 50-day moving average is $10.70 and its two-hundred day moving average is $9.09. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92.

Institutional Investors Weigh In On Orla Mining

Several institutional investors have recently added to or reduced their stakes in ORLA. FMR LLC increased its holdings in shares of Orla Mining by 17.3% in the fourth quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after purchasing an additional 3,553,481 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Orla Mining by 33.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company's stock valued at $51,667,000 after purchasing an additional 1,296,774 shares during the period. Amundi grew its holdings in Orla Mining by 49.9% during the first quarter. Amundi now owns 3,711,381 shares of the company's stock worth $35,147,000 after acquiring an additional 1,235,692 shares during the period. CWA Asset Management Group LLC grew its holdings in Orla Mining by 63.3% during the first quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock worth $27,284,000 after acquiring an additional 1,131,625 shares during the period. Finally, TD Asset Management Inc grew its holdings in Orla Mining by 15.7% during the first quarter. TD Asset Management Inc now owns 2,780,946 shares of the company's stock worth $25,969,000 after acquiring an additional 378,015 shares during the period. Hedge funds and other institutional investors 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.