Desjardins Has Weak Forecast for Orla Mining FY2025 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Equities researchers at Desjardins lowered their FY2025 EPS estimates for Orla Mining in a report issued on Tuesday, March 18th. Desjardins analyst A. Carson now expects that the company will post earnings of $0.30 per share for the year, down from their prior estimate of $0.33. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share.

A number of other equities research analysts have also weighed in on the stock. Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday. Scotiabank raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. TD Cowen started coverage on shares of Orla Mining in a research note on Tuesday, February 4th. They set a “hold” rating on the stock. Finally, TD Securities raised shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $6.13.

Orla Mining Trading Down 4.9 %

ORLA stock opened at $8.84 on Friday. The company has a 50-day moving average price of $6.84. The stock has a market capitalization of $2.85 billion, a PE ratio of -883.12 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. Orla Mining has a 12-month low of $3.24 and a 12-month high of $9.62.

Institutional Investors Weigh In On Orla Mining

Several hedge funds have recently bought and sold shares of ORLA. FMR LLC boosted its stake in Orla Mining by 17.3% during the fourth quarter. FMR LLC now owns 24,065,292 shares of the company’s stock worth $133,264,000 after acquiring an additional 3,553,481 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Orla Mining in the fourth quarter worth about $11,944,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Orla Mining in the fourth quarter worth about $9,668,000. The Manufacturers Life Insurance Company raised its holdings in Orla Mining by 197.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company’s stock worth $4,882,000 after buying an additional 584,257 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new position in Orla Mining in the fourth quarter worth about $3,186,000. Institutional investors own 43.04% 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.