Brokers Set Expectations for Orla Mining Ltd.’s Q1 2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Investment analysts at Desjardins issued their Q1 2024 EPS estimates for Orla Mining in a report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick expects that the company will earn $0.04 per share for the quarter. Desjardins has a “Buy” rating and a $6.50 price objective on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.16 per share.

Separately, Stifel Nicolaus increased their target price on shares of Orla Mining from C$5.25 to C$6.00 in a report on Friday, April 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Orla Mining currently has a consensus rating of “Moderate Buy” and an average price target of C$6.11.

Orla Mining Stock Up 2.4 %

OLA stock opened at C$5.58 on Thursday. The stock has a market capitalization of C$1.76 billion, a P/E ratio of -46.50 and a beta of 1.60. The company has a current ratio of 5.07, a quick ratio of 1.22 and a debt-to-equity ratio of 22.78. Orla Mining has a 12 month low of C$3.53 and a 12 month high of C$6.52. The firm has a 50-day moving average price of C$5.06 and a 200-day moving average price of C$4.59.

Orla Mining (TSE:OLA) last posted its earnings results on Tuesday, March 19th. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. The firm had revenue of C$85.70 million during the quarter. Orla Mining had a negative net margin of 11.56% and a negative return on equity of 6.77%.

Insider Activity at Orla Mining

In related news, Director Timothy Quentin Haldane sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total value of C$124,362.50. In other Orla Mining news, Director Timothy Quentin Haldane sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total transaction of C$124,362.50. Also, Senior Officer John Andrew Cormier sold 5,531 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$5.05, for a total transaction of C$27,931.55. Insiders sold a total of 31,735 shares of company stock worth $158,170 in the last quarter. 35.12% of the stock is owned by insiders.

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.