Brokers Set Expectations for Orla Mining Ltd.’s Q1 2024 Earnings (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Equities research analysts at Desjardins issued their Q1 2024 earnings per share (EPS) estimates for shares of Orla Mining in a report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates that the company will earn $0.04 per share for the quarter. Desjardins currently has a “Buy” rating and a $6.50 price target on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.16 per share.

Separately, Stifel Nicolaus increased their price target on Orla Mining from C$5.25 to C$6.00 in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$6.11.

Orla Mining Trading Up 2.4 %

Shares of OLA stock opened at C$5.58 on Thursday. The stock has a market cap of C$1.76 billion, a price-to-earnings ratio of -46.50 and a beta of 1.60. The stock has a 50-day moving average of C$5.06 and a 200-day moving average of C$4.59. The company has a current ratio of 5.07, a quick ratio of 1.22 and a debt-to-equity ratio of 22.78. Orla Mining has a 1-year low of C$3.53 and a 1-year high of C$6.52.

Orla Mining (TSE:OLA) last issued its earnings results on Tuesday, March 19th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. Orla Mining had a negative return on equity of 6.77% and a negative net margin of 11.56%. The business had revenue of C$85.70 million during the quarter.

Insiders Place Their Bets

In other Orla Mining news, Director Timothy Quentin Haldane sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total value of C$124,362.50. In other news, Senior Officer John Andrew Cormier sold 5,531 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$5.05, for a total value of C$27,931.55. Also, Director Timothy Quentin Haldane sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$4.97, for a total value of C$124,362.50. Over the last quarter, insiders have sold 31,735 shares of company stock worth $158,170. Corporate insiders own 35.12% 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.