FY2025 Earnings Estimate for Orla Mining Issued By Cormark

Key Points

• Cormark Brokers raised their FY2025 earnings estimate for Orla Mining to $0.53 per share, up from $0.48, reflecting optimism about the company's future profitability.
• According to recent ratings, Orla Mining has an average rating of "Buy" with a consensus target price of $14.50 per share.
• Despite positive earnings projections, shares of Orla Mining fell 2.7%, with the stock trading at $9.59 during recent market activity.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Investment analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for Orla Mining in a research report issued on Wednesday, August 13th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.53 for the year, up from their prior forecast of $0.48. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share. Cormark also issued estimates for Orla Mining's FY2026 earnings at $0.62 EPS and FY2027 earnings at $0.72 EPS.

Separately, CIBC reiterated an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Orla Mining presently has a consensus rating of "Buy" and a consensus target price of $14.50.

Orla Mining Trading Up 2.4%

NYSEAMERICAN ORLA traded up $0.23 during trading hours on Friday, hitting $9.69. 1,019,187 shares of the company's stock were exchanged, compared to its average volume of 1,329,910. The business's 50 day moving average is $10.51 and its 200-day moving average is $9.32. Orla Mining has a 12-month low of $3.81 and a 12-month high of $12.83. The firm has a market capitalization of $3.16 billion, a P/E ratio of 193.84 and a beta of 0.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.85.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ORLA. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Orla Mining by 119.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,843,000 shares of the company's stock valued at $35,898,000 after purchasing an additional 2,094,800 shares during the period. Amundi increased its holdings in shares of Orla Mining by 49.9% during the first quarter. Amundi now owns 3,711,381 shares of the company's stock valued at $35,147,000 after purchasing an additional 1,235,692 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of 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 valued at $27,284,000 after purchasing an additional 1,131,625 shares during the period. Fiera Capital Corp acquired a new position in shares of Orla Mining during the second quarter valued at $6,594,000. Finally, Invesco Ltd. bought a new position in Orla Mining during the second quarter valued at about $5,892,000. 43.04% of the stock is owned by institutional investors and hedge funds.

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.