Desjardins Weighs in on Orla Mining Ltd.’s Q1 2024 Earnings (TSE:OLA)

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

Orla Mining (TSE:OLA) last announced its quarterly earnings results on Tuesday, March 19th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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.

Separately, Stifel Nicolaus lifted their target price on Orla Mining from C$5.25 to C$6.00 in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$6.11.

Orla Mining Trading Down 0.4 %

Shares of Orla Mining stock opened at C$5.45 on Thursday. Orla Mining has a 1 year low of C$3.53 and a 1 year high of C$6.52. The company has a debt-to-equity ratio of 22.78, a current ratio of 5.07 and a quick ratio of 1.22. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -45.42 and a beta of 1.60. The business has a fifty day simple moving average of C$5.04 and a two-hundred day simple moving average of C$4.58.

Insider Transactions at Orla Mining

In other news, Director Timothy Quentin Haldane sold 25,000 shares of Orla Mining stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total transaction of C$124,362.50. In related news, Director Timothy Quentin Haldane sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$4.97, for a total value of C$124,362.50. Also, Senior Officer John Andrew Cormier sold 5,531 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$5.05, for a total value of C$27,931.55. Over the last 90 days, insiders sold 31,735 shares of company stock valued at $158,170. 35.12% of the stock is currently owned by corporate insiders.

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.