Cormark Analysts Boost Earnings Estimates for Orla Mining Ltd. (TSE:OLA)

Orla Mining Ltd. (TSE:OLA – Free Report) – Investment analysts at Cormark lifted their FY2023 earnings estimates for shares of Orla Mining in a research note issued to investors on Thursday, July 13th. Cormark analyst R. Gray now anticipates that the company will earn $0.16 per share for the year, up from their prior forecast of $0.15. The consensus estimate for Orla Mining’s current full-year earnings is $0.21 per share.

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A number of other equities analysts have also weighed in on the stock. Scotiabank upped their target price on shares of Orla Mining from C$6.25 to C$6.75 in a research note on Wednesday, April 12th. TD Securities increased their price objective on shares of Orla Mining from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research note on Wednesday, April 5th. Finally, CIBC increased their price objective on shares of Orla Mining from C$7.00 to C$7.25 in a research note on Friday.

Orla Mining Price Performance

Shares of TSE OLA opened at C$6.25 on Monday. The firm has a market cap of C$1.96 billion, a PE ratio of 36.76 and a beta of 1.43. The company has a current ratio of 1.73, a quick ratio of 1.22 and a debt-to-equity ratio of 34.62. Orla Mining has a 1-year low of C$3.00 and a 1-year high of C$6.90. The company has a fifty day moving average price of C$5.11 and a 200 day moving average price of C$4.30.

Orla Mining (TSE:OLA – Get Free Report) last announced its earnings results on Thursday, May 11th. The company reported C$0.05 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.01. The firm had revenue of C$69.14 million during the quarter. Orla Mining had a net margin of 19.65% and a return on equity of 12.99%.

Insider Transactions at Orla Mining

In related news, Director Timothy Quentin Haldane sold 22,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of C$5.80, for a total value of C$127,600.00. Company insiders own 34.29% of the company’s stock.

Orla Mining Company Profile

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Orla Mining Ltd. acquires, explores, operates, and develops 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; and Cerro Quema project totaling an area of 14,893 hectares located in the Azuero Peninsula, Panama.

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