Desjardins Weighs in on Orla Mining Ltd.’s Q1 2024 Earnings (NYSEAMERICAN:ORLA)

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Investment analysts at Desjardins issued their Q1 2024 earnings per share estimates for Orla Mining in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates that the company will earn $0.03 per share for the quarter. The consensus estimate for Orla Mining’s current full-year earnings is $0.12 per share.

Orla Mining Trading Up 1.7 %

Shares of ORLA stock opened at $4.08 on Thursday. The company has a quick ratio of 4.04, a current ratio of 5.07 and a debt-to-equity ratio of 0.23. Orla Mining has a fifty-two week low of $2.60 and a fifty-two week high of $4.82. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -45.33 and a beta of 0.88.

Orla Mining (NYSEAMERICAN:ORLA) last issued its earnings results on Tuesday, March 19th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. Orla Mining had a positive return on equity of 11.09% and a negative net margin of 11.56%. The business had revenue of $62.95 million during the quarter.

Hedge Funds Weigh In On Orla Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fairfax Financial Holdings Ltd. Can raised its holdings in Orla Mining by 21.2% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 37,697,191 shares of the company’s stock worth $121,788,000 after purchasing an additional 6,588,541 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Orla Mining by 0.7% in the third quarter. Van ECK Associates Corp now owns 9,838,306 shares of the company’s stock worth $34,782,000 after acquiring an additional 72,209 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Orla Mining by 19.2% in the fourth quarter. First Eagle Investment Management LLC now owns 8,198,355 shares of the company’s stock worth $26,730,000 after acquiring an additional 1,323,223 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Orla Mining by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 7,972,555 shares of the company’s stock worth $25,994,000 after acquiring an additional 475,000 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Orla Mining by 1.2% in the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company’s stock worth $20,232,000 after acquiring an additional 69,920 shares during the last quarter. Institutional investors own 43.04% of the company’s stock.

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.