Desjardins Issues Positive Outlook for Orla Mining Earnings

Key Points

• Desjardins has increased its FY2027 earnings per share estimate for Orla Mining to $1.10, up from $0.99, while the current consensus estimate is $0.24 per share.
• Orla Mining's stock has a consensus "Buy" rating with an average target price of $14.50, and it opened at $9.88 on Wednesday.
• Institutional investors own 43.04% of Orla Mining's stock, with significant activity from firms like Salem Investment Counselors Inc. and IFP Advisors Inc. in the most recent quarter.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Equities research analysts at Desjardins lifted their FY2027 earnings per share (EPS) estimates for shares of Orla Mining in a research note issued to investors on Tuesday, August 12th. Desjardins analyst A. Carson now expects that the company will earn $1.10 per share for the year, up from their previous forecast of $0.99. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

Separately, CIBC restated an "outperform" rating on shares of Orla Mining in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $14.50.

Orla Mining Price Performance

Shares of ORLA traded up $0.19 during mid-day trading on Wednesday, hitting $10.07. 920,524 shares of the stock were exchanged, compared to its average volume of 1,333,855. The company has a market cap of $3.28 billion, a PE ratio of 201.44 and a beta of 0.34. Orla Mining has a 52-week low of $3.81 and a 52-week high of $12.83. The firm has a 50-day moving average of $10.55 and a two-hundred day moving average of $9.27. 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 Investors Weigh In On Orla Mining

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in shares of Orla Mining by 4.6% in the first 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 last quarter. Baldwin Wealth Partners LLC MA boosted its stake in shares of 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 acquiring an additional 1,600 shares during the last quarter. XML Financial LLC boosted its stake in shares of Orla Mining by 7.2% in the second quarter. XML Financial LLC now owns 24,550 shares of the company's stock worth $246,000 after acquiring an additional 1,650 shares during the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 1,665 shares during the last quarter. Finally, Walleye Capital LLC boosted 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 acquiring an additional 1,764 shares during the last quarter. 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.