Scotiabank Has Weak Outlook for Orla Mining FY2025 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Equities researchers at Scotiabank cut their FY2025 earnings estimates for shares of Orla Mining in a research report issued on Tuesday, July 15th. Scotiabank analyst O. Habib now expects that the company will earn $0.44 per share for the year, down from their prior estimate of $0.56. The consensus estimate for Orla Mining's current full-year earnings is $0.24 per share.

Separately, CIBC reiterated an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $14.50.

Orla Mining Stock Performance

ORLA stock traded up $0.81 during mid-day trading on Friday, reaching $12.29. The company had a trading volume of 653,721 shares, compared to its average volume of 914,403. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. Orla Mining has a one year low of $3.24 and a one year high of $12.43. The stock's 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $8.46. The stock has a market capitalization of $4.00 billion, a P/E ratio of -1,228.20 and a beta of 0.35.

Hedge Funds Weigh In On Orla Mining

A number of hedge funds have recently modified their holdings of ORLA. Salem Investment Counselors Inc. bought a new position in Orla Mining in the 2nd quarter valued at $30,000. Banque Cantonale Vaudoise bought a new position in Orla Mining in the first quarter valued at approximately $86,000. Mariner LLC bought a new position in Orla Mining in the fourth quarter valued at approximately $58,000. Scotia Capital Inc. bought a new position in Orla Mining in the fourth quarter valued at approximately $67,000. Finally, Plato Investment Management Ltd bought a new position in Orla Mining in the first quarter valued at approximately $138,000. 43.04% of the stock is owned by institutional investors and hedge funds.

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.