Cormark Has Bullish Forecast for Orla Mining FY2025 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Cormark lifted their FY2025 earnings estimates for Orla Mining in a report issued on Friday, July 11th. Cormark analyst R. Gray now forecasts that the company will earn $0.84 per share for the year, up from their previous estimate of $0.83. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

Separately, Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $6.00.

Orla Mining Stock Up 4.6%

ORLA stock opened at $11.19 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. Orla Mining has a twelve month low of $3.24 and a twelve month high of $12.43. The company's 50 day moving average is $10.48 and its two-hundred day moving average is $8.19. The stock has a market cap of $3.64 billion, a P/E ratio of -1,119.00 and a beta of 0.35.

Institutional Trading of Orla Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORLA. Russell Investments Group Ltd. boosted its holdings in Orla Mining by 4.6% in the 1st quarter. Russell Investments Group Ltd. now owns 24,735 shares of the company's stock worth $231,000 after acquiring an additional 1,093 shares during the period. Baldwin Wealth Partners LLC MA increased its position in Orla Mining by 11.4% in the first quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company's stock worth $146,000 after buying an additional 1,600 shares during the period. Geode Capital Management LLC grew its stake in shares of Orla Mining by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 116,293 shares of the company's stock worth $650,000 after purchasing an additional 1,665 shares in the last quarter. Walleye Capital LLC grew its stake in shares of Orla Mining by 10.2% in the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in Orla Mining by 11.8% during the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock valued at $107,000 after buying an additional 2,048 shares in the last quarter. Hedge funds and other institutional investors 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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