FY2023 EPS Estimates for Orla Mining Ltd. Lowered by Desjardins (TSE:OLA)

Orla Mining Ltd. (TSE:OLA – Get Rating) – Analysts at Desjardins cut their FY2023 EPS estimates for Orla Mining in a research report issued on Monday, January 16th. Desjardins analyst J. Sclodnick now anticipates that the company will post earnings of $0.13 per share for the year, down from their prior estimate of $0.26. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share.

Orla Mining (TSE:OLA – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). The business had revenue of C$63.98 million for the quarter.

Orla Mining Stock Performance

Shares of OLA opened at C$5.36 on Thursday. The company has a debt-to-equity ratio of 45.28, a quick ratio of 1.22 and a current ratio of 1.52. Orla Mining has a twelve month low of C$3.00 and a twelve month high of C$6.59. The firm’s 50 day moving average price is C$5.24 and its two-hundred day moving average price is C$4.56. The firm has a market cap of C$1.64 billion and a P/E ratio of 48.73.

Orla Mining Company Profile

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Orla Mining Ltd. acquires, explores for, and develops 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 163,129 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,800 hectares located in the Azuero Peninsula, Panama.