Cormark Has Negative Outlook for Orla Mining Q1 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Stock analysts at Cormark reduced their Q1 2025 EPS estimates for shares of Orla Mining in a research note issued 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 $0.07. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share.

ORLA has been the subject of several other research reports. TD Cowen assumed coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They issued a “hold” rating for the company. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $6.13.

Orla Mining Trading Down 13.3 %

ORLA opened at $8.21 on Monday. Orla Mining has a 1-year low of $3.24 and a 1-year high of $9.65. The firm has a market cap of $2.65 billion, a PE ratio of -820.18 and a beta of 0.71. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $7.52.

Institutional Investors Weigh In On Orla Mining

A number of institutional investors have recently made changes to their positions in ORLA. Mackenzie Financial Corp grew its holdings in Orla Mining by 17.2% during the fourth quarter. Mackenzie Financial Corp now owns 145,765 shares of the company’s stock valued at $806,000 after purchasing an additional 21,353 shares during the period. Two Sigma Advisers LP bought a new position in shares of Orla Mining during the fourth quarter worth $84,000. Two Sigma Investments LP grew its holdings in shares of Orla Mining by 453.8% in the 4th quarter. Two Sigma Investments LP now owns 360,170 shares of the company’s stock valued at $1,995,000 after buying an additional 295,133 shares during the period. Toronto Dominion Bank increased its position in shares of Orla Mining by 167.4% in the 4th quarter. Toronto Dominion Bank now owns 45,906 shares of the company’s stock valued at $254,000 after buying an additional 28,741 shares in the last quarter. Finally, Gotham Asset Management LLC raised its stake in Orla Mining by 11.8% during the 4th quarter. Gotham Asset Management LLC now owns 19,393 shares of the company’s stock worth $107,000 after buying an additional 2,048 shares during the period. 43.04% of the stock is owned by institutional investors and hedge funds.

About Orla Mining

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.