FY2023 EPS Estimates for Orla Mining Ltd. Reduced by Analyst (TSE:OLA)

Orla Mining Ltd. (TSE:OLA) – Stock analysts at Cormark dropped their FY2023 earnings per share estimates for Orla Mining in a research note issued on Wednesday, November 15th. Cormark analyst R. Gray now expects that the company will post earnings of $0.18 per share for the year, down from their prior estimate of $0.19. The consensus estimate for Orla Mining’s current full-year earnings is $0.30 per share. Cormark also issued estimates for Orla Mining’s FY2024 earnings at $0.17 EPS.

A number of other analysts have also issued reports on the company. TD Securities dropped their target price on Orla Mining from C$6.50 to C$5.50 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Stifel Nicolaus dropped their target price on Orla Mining from C$7.50 to C$6.50 and set a “buy” rating on the stock in a research report on Tuesday, November 7th.

Orla Mining Stock Up 1.8 %

Shares of TSE OLA opened at C$4.01 on Monday. Orla Mining has a 1 year low of C$3.90 and a 1 year high of C$6.90. The firm has a market cap of C$1.26 billion, a price-to-earnings ratio of 17.43 and a beta of 1.64. The company has a debt-to-equity ratio of 30.66, a quick ratio of 1.22 and a current ratio of 2.10. The stock’s 50-day simple moving average is C$4.72 and its 200-day simple moving average is C$5.26.

Insider Buying and Selling

In related news, Director Jean Robitaille sold 100,000 shares of Orla Mining stock in a transaction dated Friday, September 8th. The stock was sold at an average price of C$6.15, for a total value of C$615,000.00. Insiders own 35.28% of the company’s stock.

About Orla Mining

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.