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 lowered their FY2027 earnings per share estimates for Orla Mining in a research report issued on Tuesday, August 5th. Stifel Canada analyst I. Rico now forecasts that the company will post earnings per share of $0.96 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 restated an "outperform" rating on shares of Orla Mining in a research note on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Orla Mining presently has an average rating of "Buy" and a consensus target price of $14.50.

Orla Mining Stock Down 2.6%

Shares of ORLA stock traded down $0.27 during trading hours on Thursday, reaching $10.09. The company had a trading volume of 1,205,727 shares, compared to its average volume of 1,385,373. Orla Mining has a 12 month low of $3.46 and a 12 month high of $12.83. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.62. The business has a fifty day simple moving average of $10.70 and a 200-day simple moving average of $9.04. The company has a market cap of $3.28 billion, a price-to-earnings ratio of -1,009.00 and a beta of 0.34.

Institutional Investors Weigh In On Orla Mining

Several institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in Orla Mining by 17.3% during the 4th quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after acquiring an additional 3,553,481 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Orla Mining by 33.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company's stock worth $51,667,000 after buying an additional 1,296,774 shares during the period. Amundi lifted its holdings in Orla Mining by 49.9% in the 1st quarter. Amundi now owns 3,711,381 shares of the company's stock worth $35,147,000 after buying an additional 1,235,692 shares during the period. CWA Asset Management Group LLC lifted its holdings in Orla Mining by 63.3% in the 1st quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock worth $27,284,000 after buying an additional 1,131,625 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Orla Mining by 15.7% in the 1st quarter. TD Asset Management Inc now owns 2,780,946 shares of the company's stock worth $25,969,000 after buying an additional 378,015 shares during the period. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

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.