Cormark Weighs in on Orla Mining’s FY2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Research analysts at Cormark lifted their FY2024 earnings estimates for shares of Orla Mining in a research report issued on Friday, January 17th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.37 per share for the year, up from their previous estimate of $0.35. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share. Cormark also issued estimates for Orla Mining’s Q4 2024 earnings at $0.12 EPS.

A number of other research analysts have also issued reports on the stock. CIBC boosted their target price on shares of Orla Mining from C$8.50 to C$9.25 in a research note on Tuesday, December 17th. Stifel Nicolaus boosted their target price on shares of Orla Mining from C$8.00 to C$9.75 in a research note on Monday, December 2nd. Scotiabank boosted their target price on shares of Orla Mining from C$7.75 to C$8.75 in a research note on Wednesday, January 15th. Finally, Desjardins raised shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st.

Orla Mining Price Performance

Shares of TSE:OLA opened at C$8.34 on Monday. The company has a quick ratio of 1.22, a current ratio of 5.89 and a debt-to-equity ratio of 17.76. Orla Mining has a fifty-two week low of C$4.23 and a fifty-two week high of C$8.67. The firm has a 50-day simple moving average of C$7.39 and a 200 day simple moving average of C$6.30. The company has a market cap of C$2.67 billion, a PE ratio of -166.80 and a beta of 1.57.

About Orla Mining

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.