Scotiabank Issues Negative Forecast for Orla Mining Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Analysts at Scotiabank lowered their FY2025 earnings estimates for shares of Orla Mining in a report released on Tuesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.44 for the year, down from their prior forecast of $0.56. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share.

Separately, CIBC restated an “outperform” rating on shares of Orla Mining in a report on Tuesday. Two 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.com, the stock has an average rating of “Buy” and a consensus price target of $14.50.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $11.48 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -1,148.00 and a beta of 0.35. The firm’s fifty day simple moving average is $10.52 and its 200 day simple moving average is $8.41. Orla Mining has a twelve month low of $3.24 and a twelve month high of $12.43.

Institutional Investors Weigh In On Orla Mining

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of Orla Mining by 11.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 504,000 shares of the company’s stock valued at $4,708,000 after buying an additional 52,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Orla Mining by 103.1% during the 4th quarter. Renaissance Technologies LLC now owns 178,300 shares of the company’s stock valued at $988,000 after purchasing an additional 90,500 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Orla Mining during the 1st quarter valued at about $238,000. Raymond James Financial Inc. acquired a new position in Orla Mining during the 4th quarter valued at about $173,000. Finally, Two Sigma Investments LP boosted its stake in Orla Mining by 453.8% during the 4th quarter. Two Sigma Investments LP now owns 360,170 shares of the company’s stock valued at $1,995,000 after purchasing an additional 295,133 shares during the period. 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.