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

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

Orla Mining Trading Down 0.7 %

Shares of NYSEAMERICAN ORLA opened at $3.98 on Thursday. Orla Mining has a 12-month low of $2.60 and a 12-month high of $4.82. The firm has a market capitalization of $1.25 billion, a P/E 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 (NYSEAMERICAN:ORLA) last announced its quarterly earnings results on Tuesday, March 19th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $62.95 million during the quarter.

Institutional Trading of Orla Mining

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of Orla Mining by 6.2% during the third quarter. Barclays PLC now owns 106,763 shares of the company’s stock valued at $381,000 after acquiring an additional 6,201 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Orla Mining by 9.6% during the third quarter. Mackenzie Financial Corp now owns 140,442 shares of the company’s stock valued at $464,000 after acquiring an additional 12,251 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Orla Mining during the third quarter valued at about $54,000. Invesco Ltd. grew its stake in shares of Orla Mining by 1.2% during the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company’s stock valued at $20,232,000 after acquiring an additional 69,920 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Orla Mining by 70.7% during the third quarter. TD Asset Management Inc now owns 792,287 shares of the company’s stock valued at $2,813,000 after acquiring an additional 328,262 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

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.