Orla Mining Ltd. to Post FY2022 Earnings of $0.22 Per Share, Cormark Forecasts (NYSEAMERICAN:ORLA)

Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get Rating) – Equities research analysts at Cormark increased their FY2022 EPS estimates for Orla Mining in a research report issued on Tuesday, January 17th. Cormark analyst R. Gray now expects that the company will earn $0.22 per share for the year, up from their prior estimate of $0.21. The consensus estimate for Orla Mining’s current full-year earnings is $0.18 per share. Cormark also issued estimates for Orla Mining’s Q4 2022 earnings at $0.04 EPS, Q1 2023 earnings at $0.01 EPS, Q2 2023 earnings at $0.01 EPS, Q3 2023 earnings at $0.01 EPS and Q4 2023 earnings at $0.01 EPS.

A number of other research firms also recently issued reports on ORLA. Scotiabank cut their target price on shares of Orla Mining from C$6.25 to C$6.00 in a research report on Tuesday. Desjardins reduced their price objective on shares of Orla Mining from C$6.50 to C$6.00 in a research note on Tuesday.

Orla Mining Trading Up 3.0 %

Orla Mining stock opened at $3.99 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.22 billion, a P/E ratio of 49.88 and a beta of 0.81. Orla Mining has a 12-month low of $2.30 and a 12-month high of $5.24.

Orla Mining (NYSEAMERICAN:ORLA – Get Rating) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $49.03 million during the quarter. Orla Mining had a net margin of 15.72% and a return on equity of 12.79%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ORLA. Aigen Investment Management LP acquired a new position in shares of Orla Mining in the 2nd quarter valued at approximately $32,000. Great West Life Assurance Co. Can acquired a new position in Orla Mining during the 3rd quarter worth approximately $32,000. Virtu Financial LLC bought a new position in Orla Mining in the third quarter valued at $33,000. First Trust Advisors LP bought a new stake in Orla Mining during the 3rd quarter worth about $34,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Orla Mining during the 3rd quarter worth about $52,000. Institutional investors own 30.33% of the company’s stock.

About Orla Mining

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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.