Orla Mining Ltd. to Post Q1 2024 Earnings of $0.04 Per Share, Cormark Forecasts (NYSEAMERICAN:ORLA)

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Equities researchers at Cormark upped their Q1 2024 earnings per share estimates for Orla Mining in a report released on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.04 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for Orla Mining’s current full-year earnings is $0.10 per share.

Orla Mining (NYSEAMERICAN:ORLA) last announced its earnings results on Tuesday, March 19th. The company reported $0.05 EPS for the quarter, topping 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 for the quarter.

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA opened at $3.98 on Tuesday. Orla Mining has a 12 month low of $2.60 and a 12 month high of $4.82. The company has a market cap of $1.25 billion, a P/E ratio of -44.22 and a beta of 0.88. The company has a current ratio of 5.07, a quick ratio of 4.04 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Orla Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORLA. Fairfax Financial Holdings Ltd. Can increased its holdings in shares of Orla Mining by 21.2% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 37,697,191 shares of the company’s stock valued at $121,788,000 after buying an additional 6,588,541 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Orla Mining by 0.7% in the third quarter. Van ECK Associates Corp now owns 9,838,306 shares of the company’s stock valued at $34,782,000 after buying an additional 72,209 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Orla Mining by 19.2% in the fourth quarter. First Eagle Investment Management LLC now owns 8,198,355 shares of the company’s stock valued at $26,730,000 after buying an additional 1,323,223 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Orla Mining by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 7,972,555 shares of the company’s stock valued at $25,994,000 after buying an additional 475,000 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Orla Mining by 1.2% in the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company’s stock valued at $20,232,000 after buying an additional 69,920 shares in the last quarter. Institutional investors own 43.04% of the company’s stock.

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.