Desjardins Has Weak Forecast for Orla Mining FY2025 Earnings

Key Points

• Desjardins has lowered its FY2025 earnings estimate for Orla Mining to $0.84 per share, down from $1.06, while the consensus estimate for the current full year stands at $0.34 per share.
• Analysts have mixed ratings on Orla Mining, with one hold rating, four buy ratings, and one strong buy rating, and a revised average target price of C$14.75.
• Recent insider trading activity includes the sale of over 50,000 shares by senior officers within the last three months, indicating significant insider activity around the stock.

Orla Mining Ltd. (TSE:OLA - Free Report) - Analysts at Desjardins dropped their FY2025 EPS estimates for shares of Orla Mining in a report released on Tuesday, August 12th. Desjardins analyst A. Carson now expects that the company will post earnings of $0.84 per share for the year, down from their prior estimate of $1.06. The consensus estimate for Orla Mining's current full-year earnings is $0.34 per share. Desjardins also issued estimates for Orla Mining's FY2026 earnings at $1.31 EPS.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada boosted their price target on shares of Orla Mining from C$15.00 to C$18.00 in a research report on Wednesday, June 4th. Stifel Nicolaus dropped their target price on shares of Orla Mining from C$19.00 to C$18.50 and set a "buy" rating on the stock in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$14.75.

Orla Mining Price Performance

Shares of OLA stock traded down C$0.80 during midday trading on Thursday, reaching C$13.16. 292,281 shares of the company were exchanged, compared to its average volume of 647,900. Orla Mining has a 12 month low of C$5.24 and a 12 month high of C$17.45. The company has a market cap of C$2.98 billion, a P/E ratio of 281.29 and a beta of 1.57. The company's 50 day moving average price is C$14.41 and its two-hundred day moving average price is C$13.40. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Insider Activity

In other news, Senior Officer Sylvain Guerard sold 15,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$15.98, for a total transaction of C$239,668.50. Also, Senior Officer Etienne Morin sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$15.51, for a total transaction of C$155,064.00. Insiders have sold 50,462 shares of company stock worth $781,286 over the last three months. 51.68% of the stock is owned by insiders.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.