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

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

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

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

Orla Mining Stock Down 0.4 %

Shares of OLA opened at C$5.45 on Thursday. The stock has a market capitalization of C$1.72 billion, a PE ratio of -45.42 and a beta of 1.60. 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 quick ratio of 1.22 and a current ratio of 5.07. The company’s 50-day simple moving average is C$5.04 and its 200-day simple moving average is C$4.58.

Insider Transactions at Orla Mining

In related 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 shares were sold at an average price of C$5.05, for a total value of C$27,931.55. In related 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 shares were 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 transaction of C$124,362.50. Over the last quarter, insiders have sold 31,735 shares of company stock valued at $158,170. 35.12% of the stock is currently owned by corporate insiders.

Orla Mining Company Profile

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.