FY2027 EPS Estimates for Orla Mining Reduced by Scotiabank

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Scotiabank reduced their FY2027 earnings estimates for shares of Orla Mining in a note issued to investors on Thursday, March 12th. Scotiabank analyst O. Habib now forecasts that the company will earn $1.40 per share for the year, down from their prior forecast of $1.43. 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.

ORLA has been the subject of a number of other research reports. BMO Capital Markets reissued an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. Zacks Research raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. 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. Finally, National Bank Financial started coverage on shares of Orla Mining in a report on Monday, January 12th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $27.00.

Orla Mining Stock Down 4.7%

ORLA stock opened at $16.32 on Monday. The stock’s 50 day simple moving average is $17.10 and its 200 day simple moving average is $13.76. Orla Mining has a fifty-two week low of $7.08 and a fifty-two week high of $21.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07. The company has a market cap of $5.62 billion, a P/E ratio of 125.55 and a beta of 0.23.

Institutional Trading of Orla Mining

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in shares of Orla Mining by 45.8% during the 1st quarter. Millennium Management LLC now owns 594,177 shares of the company’s stock valued at $5,555,000 after acquiring an additional 186,714 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Orla Mining by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,061,455 shares of the company’s stock worth $9,925,000 after purchasing an additional 131,577 shares during the period. Profund Advisors LLC purchased a new position in Orla Mining in the second quarter valued at approximately $176,000. Geode Capital Management LLC lifted its stake in Orla Mining by 3.3% in the second quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,948 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Orla Mining by 207.7% during the second quarter. SG Americas Securities LLC now owns 33,604 shares of the company’s stock valued at $337,000 after purchasing an additional 22,683 shares during the period. 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.