Cormark Issues Pessimistic Estimate for Orla Mining Earnings

Orla Mining Ltd. (TSE:OLA) – Cormark reduced their Q1 2025 earnings estimates for Orla Mining in a research report issued to clients and investors on Wednesday, April 2nd. Cormark analyst R. Gray now expects that the company will earn $0.01 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share.

A number of other research analysts have also issued reports on OLA. Stifel Nicolaus set a C$15.50 price objective on Orla Mining and gave the company a “buy” rating in a research report on Wednesday, March 19th. CIBC boosted their price target on shares of Orla Mining from C$13.75 to C$16.25 and gave the company an “outperform” rating in a report on Wednesday, April 2nd. TD Securities raised shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Desjardins upped their target price on shares of Orla Mining from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$12.56.

Orla Mining Stock Performance

Shares of OLA stock opened at C$11.72 on Monday. The company has a market cap of C$2.66 billion, a P/E ratio of 250.51 and a beta of 1.57. The business has a 50 day moving average of C$11.03 and a two-hundred day moving average of C$8.42. Orla Mining has a 52 week low of C$4.60 and a 52 week high of C$13.79. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68.

Insider Buying and Selling

In related news, Director Jean Robitaille sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$13.25, for a total transaction of C$2,650,000.00. Also, Director Charles A. Jeannes sold 15,023 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$12.86, for a total value of C$193,257.37. Insiders sold 385,399 shares of company stock valued at $5,067,805 over the last 90 days. 51.68% of the stock is currently owned by company insiders.

Orla Mining Company Profile

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.