Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Research analysts at Cormark boosted their Q1 2024 earnings per share estimates for Orla Mining in a research report issued on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for Orla Mining's current full-year earnings is $0.10 per share.
Orla Mining Stock Performance
Shares of ORLA stock traded up $0.15 during mid-day trading on Tuesday, hitting $4.01. 301,649 shares of the stock were exchanged, compared to its average volume of 557,738. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -44.78 and a beta of 0.88. Orla Mining has a 12-month low of $2.60 and a 12-month high of $4.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.04 and a current ratio of 5.07.
Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last posted its earnings results on Tuesday, March 19th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $62.95 million for the quarter. Orla Mining had a positive return on equity of 11.09% and a negative net margin of 11.56%.
Institutional Investors Weigh In On Orla Mining
A number of hedge funds have recently added to or reduced their stakes in ORLA. Rathbones Group PLC lifted its position in shares of Orla Mining by 37.4% during the 4th quarter. Rathbones Group PLC now owns 20,950 shares of the company's stock valued at $69,000 after acquiring an additional 5,700 shares during the period. CIBC Asset Management Inc increased its stake in shares of Orla Mining by 2.5% during the 4th quarter. CIBC Asset Management Inc now owns 236,826 shares of the company's stock worth $775,000 after purchasing an additional 5,771 shares in the last quarter. Barclays PLC increased its stake in shares of Orla Mining by 6.2% during the 3rd quarter. Barclays PLC now owns 106,763 shares of the company's stock worth $381,000 after purchasing an additional 6,201 shares in the last quarter. First Personal Financial Services increased its stake in shares of Orla Mining by 22.1% during the 4th quarter. First Personal Financial Services now owns 38,115 shares of the company's stock worth $124,000 after purchasing an additional 6,905 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Orla Mining by 12.2% during the 3rd quarter. HighTower Advisors LLC now owns 80,617 shares of the company's stock worth $290,000 after purchasing an additional 8,780 shares in the last quarter. Institutional investors and hedge funds own 43.04% of the company's stock.
Orla Mining Company Profile
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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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