Cormark Has Strong Forecast for Orla Mining FY2025 Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Equities research analysts at Cormark increased their FY2025 EPS estimates for shares of Orla Mining in a report released on Wednesday, August 13th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.53 per share for the year, up from their previous estimate of $0.48. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share. Cormark also issued estimates for Orla Mining’s FY2026 earnings at $0.62 EPS and FY2027 earnings at $0.72 EPS.

Separately, CIBC reiterated an “outperform” rating on shares of Orla Mining in a research note on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $14.50.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $9.88 on Friday. The company has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $9.25. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 197.64 and a beta of 0.34. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. Orla Mining has a 52 week low of $3.81 and a 52 week high of $12.83.

Hedge Funds Weigh In On Orla Mining

A number of hedge funds have recently made changes to their positions in ORLA. Connor Clark & Lunn Investment Management Ltd. increased its stake in Orla Mining by 33.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company’s stock worth $51,667,000 after buying an additional 1,296,774 shares during the period. Amundi increased its stake in Orla Mining by 49.9% during the 1st quarter. Amundi now owns 3,711,381 shares of the company’s stock worth $35,147,000 after buying an additional 1,235,692 shares during the period. CWA Asset Management Group LLC grew its holdings in Orla Mining by 63.3% during the 1st quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company’s stock worth $27,284,000 after acquiring an additional 1,131,625 shares in the last quarter. TD Asset Management Inc increased its position in shares of Orla Mining by 15.7% in the 1st quarter. TD Asset Management Inc now owns 2,780,946 shares of the company’s stock worth $25,969,000 after purchasing an additional 378,015 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its position in shares of Orla Mining by 2.2% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,397,753 shares of the company’s stock worth $12,951,000 after purchasing an additional 30,722 shares during the last quarter. Hedge funds and other 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.