Cormark Issues Optimistic Forecast for Orla Mining Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Equities researchers at Cormark increased their FY2025 earnings per share (EPS) estimates for shares of Orla Mining in a research note issued to investors on Friday, July 11th. Cormark analyst R. Gray now anticipates that the company will earn $0.84 per share for the year, up from their prior forecast of $0.83. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

A number of other analysts also recently issued reports on the company. Stifel Canada raised Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC reaffirmed an "outperform" rating on shares of Orla Mining in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $14.50.

Orla Mining Stock Down 3.2%

Shares of ORLA traded down $0.38 during midday trading on Monday, hitting $11.39. The stock had a trading volume of 807,775 shares, compared to its average volume of 909,297. The company has a 50 day simple moving average of $10.51 and a two-hundred day simple moving average of $8.37. Orla Mining has a twelve month low of $3.24 and a twelve month high of $12.43. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of -1,139.00 and a beta of 0.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.62.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ORLA. Allspring Global Investments Holdings LLC increased its holdings in shares of Orla Mining by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 504,000 shares of the company's stock worth $4,708,000 after buying an additional 52,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Orla Mining by 103.1% during the fourth quarter. Renaissance Technologies LLC now owns 178,300 shares of the company's stock worth $988,000 after buying an additional 90,500 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Orla Mining during the first quarter worth $238,000. Raymond James Financial Inc. acquired a new position in shares of Orla Mining during the fourth quarter worth $173,000. Finally, Two Sigma Investments LP increased its holdings in shares of Orla Mining by 453.8% during the fourth quarter. Two Sigma Investments LP now owns 360,170 shares of the company's stock worth $1,995,000 after buying an additional 295,133 shares in the last quarter. 43.04% of the stock is currently 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.