Q3 Earnings Forecast for Orla Mining Issued By Stifel Canada

Orla Mining Ltd. (TSE:OLA) – Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for Orla Mining in a research report issued on Monday, October 21st. Stifel Canada analyst S. Soock expects that the company will post earnings per share of $0.15 for the quarter. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Stifel Canada also issued estimates for Orla Mining’s FY2024 earnings at $0.41 EPS, FY2025 earnings at $0.44 EPS and FY2026 earnings at $0.35 EPS.

A number of other research firms have also commented on OLA. CIBC upped their price target on Orla Mining from C$7.25 to C$7.50 in a research report on Wednesday, July 10th. Scotiabank upped their price target on Orla Mining from C$5.25 to C$6.00 in a research note on Thursday, October 10th. Finally, Stifel Nicolaus increased their price objective on Orla Mining from C$6.50 to C$8.00 in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Orla Mining has an average rating of “Moderate Buy” and a consensus price target of C$6.56.

Orla Mining Price Performance

Orla Mining stock opened at C$7.11 on Thursday. Orla Mining has a 52 week low of C$3.53 and a 52 week high of C$7.16. The stock has a fifty day moving average of C$5.81 and a 200-day moving average of C$5.53. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. The stock has a market capitalization of C$2.27 billion, a P/E ratio of -141.00 and a beta of 1.57.

Orla Mining (TSE:OLA) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.09 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. The business had revenue of C$115.71 million for the quarter.

Insider Transactions at Orla Mining

In related news, Senior Officer Etienne Morin sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total transaction of C$117,178.00. In other news, Senior Officer Andrew James Bradbury sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$5.90, for a total value of C$73,750.00. Also, Senior Officer Etienne Morin sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of C$5.86, for a total transaction of C$117,178.00. Over the last quarter, insiders have sold 101,000 shares of company stock worth $577,457. Company insiders own 51.68% of the company’s stock.

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.