Desjardins Issues Positive Forecast for Orla Mining Earnings

Key Points

• Desjardins has increased its FY2025 earnings per share forecast for Orla Mining from $0.61 to $0.70, with additional estimates of $1.22 EPS for FY2026.
• CIBC has reaffirmed an "outperform" rating on Orla Mining, which has a consensus rating of "Buy" and a target price of $14.50.
• Orla Mining shares recently opened at $10.26, reflecting a market cap of $3.34 billion and a significant increase in ownership by institutional investors.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Investment analysts at Desjardins lifted their FY2025 earnings per share (EPS) estimates for Orla Mining in a research note issued on Wednesday, October 1st. Desjardins analyst A. Carson now forecasts that the company will post earnings per share of $0.70 for the year, up from their prior forecast of $0.61. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share. Desjardins also issued estimates for Orla Mining's FY2026 earnings at $1.22 EPS.

Separately, CIBC reaffirmed an "outperform" rating on shares of Orla Mining in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $14.50.

Orla Mining Stock Down 0.2%

Shares of ORLA opened at $10.26 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. Orla Mining has a 52-week low of $3.81 and a 52-week high of $12.91. The company has a market cap of $3.34 billion, a PE ratio of 205.24 and a beta of 0.33. The business has a fifty day moving average of $10.59 and a 200 day moving average of $10.47.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its holdings in Orla Mining by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 504,000 shares of the company's stock valued at $4,708,000 after acquiring an additional 52,000 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Orla Mining in the first quarter valued at approximately $238,000. American Century Companies Inc. lifted its holdings in Orla Mining by 1.9% in the first quarter. American Century Companies Inc. now owns 440,059 shares of the company's stock valued at $4,110,000 after acquiring an additional 8,399 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Orla Mining in the first quarter valued at approximately $183,000. Finally, Deutsche Bank AG increased its position in shares of Orla Mining by 14.0% in the first quarter. Deutsche Bank AG now owns 29,021 shares of the company's stock valued at $271,000 after buying an additional 3,575 shares in the last quarter. 43.04% of the stock is 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.

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