Orla Mining Ltd. (NYSEAMERICAN:ORLA) Expected to Earn Q1 2024 Earnings of $0.04 Per Share

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Analysts at Cormark boosted their Q1 2024 earnings per share estimates for shares of Orla Mining in a research note issued on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for Orla Mining’s current full-year earnings is $0.10 per share.

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 analysts’ consensus estimates 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.

Orla Mining Stock Up 3.9 %

Shares of ORLA opened at $4.01 on Tuesday. Orla Mining has a 12-month low of $2.60 and a 12-month high of $4.82. The company has a quick ratio of 4.04, a current ratio of 5.07 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -44.56 and a beta of 0.88.

Hedge Funds Weigh In On Orla Mining

A number of institutional investors and hedge funds have recently bought and sold shares of ORLA. Goehring & Rozencwajg Associates LLC increased its stake in shares of Orla Mining by 3.3% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,035,714 shares of the company’s stock valued at $3,379,000 after buying an additional 33,530 shares during the period. Fairfax Financial Holdings Ltd. Can increased its stake in shares of 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 valued at $121,788,000 after buying an additional 6,588,541 shares during the period. CIBC Asset Management Inc increased its stake in shares of Orla Mining by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 236,826 shares of the company’s stock valued at $775,000 after buying an additional 5,771 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Orla Mining by 85.0% in the fourth quarter. CWA Asset Management Group LLC now owns 2,367,033 shares of the company’s stock valued at $7,693,000 after buying an additional 1,087,892 shares during the period. Finally, Rathbones Group PLC increased its stake in shares of Orla Mining by 37.4% in the fourth quarter. Rathbones Group PLC now owns 20,950 shares of the company’s stock valued at $69,000 after buying an additional 5,700 shares during the period. Institutional investors and hedge funds 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.