Orla Mining Ltd. (NYSEAMERICAN:ORLA) Forecasted to Post Q1 2024 Earnings of $0.03 Per Share

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) - Equities research analysts at Desjardins issued their Q1 2024 EPS estimates for Orla Mining in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings per share of $0.03 for the quarter. The consensus estimate for Orla Mining's current full-year earnings is $0.12 per share.

Orla Mining Stock Up 1.7 %

Shares of ORLA traded up $0.07 during mid-day trading on Thursday, hitting $4.08. 277,304 shares of the company's stock were exchanged, compared to its average volume of 550,136. Orla Mining has a 52 week low of $2.60 and a 52 week high of $4.82. The stock has a market capitalization of $1.29 billion, a PE ratio of -45.33 and a beta of 0.88. The company has a current ratio of 5.07, a quick ratio of 4.04 and a debt-to-equity ratio of 0.23.

Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. Orla Mining had a negative net margin of 11.56% and a positive return on equity of 11.09%. The firm had revenue of $62.95 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ORLA. National Bank of Canada FI increased its stake in Orla Mining by 26.4% in the third quarter. National Bank of Canada FI now owns 327,300 shares of the company's stock valued at $1,111,000 after acquiring an additional 68,312 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Orla Mining by 9.6% during the third quarter. Mackenzie Financial Corp now owns 140,442 shares of the company's stock worth $464,000 after buying an additional 12,251 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Orla Mining by 70.7% during the third quarter. TD Asset Management Inc now owns 792,287 shares of the company's stock worth $2,813,000 after buying an additional 328,262 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Orla Mining by 498.8% during the third quarter. CIBC Asset Management Inc now owns 231,055 shares of the company's stock worth $819,000 after buying an additional 192,466 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Orla Mining by 6.2% during the third quarter. Barclays PLC now owns 106,763 shares of the company's stock worth $381,000 after buying an additional 6,201 shares during the last quarter. 43.04% of the stock is owned by institutional investors.

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.