Orla Mining Ltd. (NYSEAMERICAN:ORLA) Forecasted to Post Q1 2024 Earnings of $0.03 Per Share

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Research analysts at Desjardins issued their Q1 2024 earnings estimates for Orla Mining in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts that the company will post earnings per share of $0.03 for the quarter. The consensus estimate for Orla Mining’s current full-year earnings is $0.12 per share.

Orla Mining Stock Performance

Shares of ORLA opened at $3.98 on Thursday. The company has a market capitalization of $1.25 billion, a PE ratio of 25.06 and a beta of 0.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.07 and a quick ratio of 4.04. Orla Mining has a fifty-two week low of $2.60 and a fifty-two week high of $4.82.

Orla Mining (NYSEAMERICAN:ORLA) last issued its quarterly earnings data on Tuesday, March 19th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $62.95 million during the quarter. Orla Mining had a negative net margin of 11.56% and a positive return on equity of 11.09%.

Institutional Investors Weigh In On Orla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rathbones Group PLC increased its position in Orla Mining by 37.4% during the 4th quarter. Rathbones Group PLC now owns 20,950 shares of the company’s stock valued at $69,000 after purchasing an additional 5,700 shares during the period. CIBC Asset Management Inc increased its position in Orla Mining by 2.5% during the 4th quarter. CIBC Asset Management Inc now owns 236,826 shares of the company’s stock valued at $775,000 after purchasing an additional 5,771 shares during the period. Barclays PLC increased its position in Orla Mining by 6.2% during the 3rd quarter. Barclays PLC now owns 106,763 shares of the company’s stock valued at $381,000 after purchasing an additional 6,201 shares during the period. First Personal Financial Services increased its position in Orla Mining by 22.1% during the 4th quarter. First Personal Financial Services now owns 38,115 shares of the company’s stock valued at $124,000 after purchasing an additional 6,905 shares during the period. Finally, HighTower Advisors LLC increased its position in Orla Mining by 12.2% during the 3rd quarter. HighTower Advisors LLC now owns 80,617 shares of the company’s stock valued at $290,000 after purchasing an additional 8,780 shares during the period. 43.04% of the stock is currently owned by institutional investors.

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.