Scotiabank Issues Positive Forecast for Orla Mining Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Scotiabank lifted their FY2027 earnings per share (EPS) estimates for Orla Mining in a research report issued on Wednesday, April 1st. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $1.41 for the year, up from their prior forecast of $1.40. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share.

A number of other equities analysts have also recently commented on ORLA. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. National Bank Financial initiated coverage on shares of Orla Mining in a research report on Monday, January 12th. They issued an “outperform” rating on the stock. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Finally, Zacks Research lowered shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Orla Mining presently has a consensus rating of “Buy” and a consensus price target of $27.00.

Orla Mining Price Performance

ORLA stock opened at $17.04 on Friday. Orla Mining has a 1-year low of $7.08 and a 1-year high of $21.98. The business’s 50 day simple moving average is $17.07 and its 200 day simple moving average is $14.12. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $5.89 billion, a PE ratio of 65.54 and a beta of 0.37.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sprott Inc. boosted its position in shares of Orla Mining by 1.8% in the fourth quarter. Sprott Inc. now owns 45,822 shares of the company’s stock valued at $617,000 after acquiring an additional 799 shares during the period. Parvin Asset Management LLC increased its position in Orla Mining by 1.2% during the fourth quarter. Parvin Asset Management LLC now owns 70,500 shares of the company’s stock worth $950,000 after acquiring an additional 825 shares during the period. Neuberger Berman Group LLC increased its position in Orla Mining by 13.9% during the third quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock worth $144,000 after acquiring an additional 1,637 shares during the period. SBI Securities Co. Ltd. raised its stake in Orla Mining by 67.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after purchasing an additional 1,889 shares in the last quarter. Finally, Mariner LLC raised its stake in Orla Mining by 15.3% in the 4th quarter. Mariner LLC now owns 14,929 shares of the company’s stock worth $201,000 after purchasing an additional 1,976 shares in the last quarter. Institutional investors own 43.04% of the company’s stock.

About Orla Mining

Orla Mining is a Canada-based mineral exploration and development company focused on advancing gold and silver projects in the Americas. Its flagship asset is the Cerro Quema oxide gold-silver project in Panama, where the company holds approximately 13,000 hectares of mineral concessions. Through feasibility studies and pilot plant testing, Orla has demonstrated the potential of heap leach processing at Cerro Quema, positioning the asset for transition into construction and production phases.

In addition to Cerro Quema, Orla Mining expanded its portfolio in early 2023 with the acquisition of the Gold Springs project located along the Utah–Nevada border in the United States.