Cormark Brokers Increase Earnings Estimates for Orla Mining

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 estimates for Orla Mining in a research report issued on Wednesday, August 13th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.53 for the year, up from their prior estimate 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 restated an "outperform" rating on shares of Orla Mining in a report on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Orla Mining currently has an average rating of "Buy" and a consensus target price of $14.50.

Orla Mining Stock Down 2.7%

Shares of ORLA stock traded down $0.27 during trading on Friday, hitting $9.59. 38,719 shares of the company were exchanged, compared to its average volume of 1,331,160. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.62 and a current ratio of 0.85. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 192.30 and a beta of 0.34. The business's 50-day simple moving average is $10.57 and its 200 day simple moving average is $9.20. Orla Mining has a twelve month low of $3.81 and a twelve month high of $12.83.

Institutional Investors Weigh In On Orla Mining

Institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its position 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 worth $35,898,000 after purchasing an additional 2,094,800 shares during the period. Amundi raised its position in shares of 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 purchasing an additional 1,235,692 shares during the period. CWA Asset Management Group LLC raised its position 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 worth $27,284,000 after purchasing an additional 1,131,625 shares during the period. Fiera Capital Corp acquired a new stake in shares of Orla Mining during the second quarter worth about $6,594,000. Finally, Invesco Ltd. bought a new position in shares of Orla Mining during the second quarter worth about $5,892,000. Institutional investors and hedge funds own 43.04% 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.

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