Cormark's Earnings Estimate for Orla Mining in FY2024

On February 26th, 2025, research analysts at Cormark made adjustments to their earnings estimates for Orla Mining Ltd. (NYSEAMERICAN:ORLA). Analyst R. Gray now predicts that the company will achieve earnings of $0.25 per share for the fiscal year 2024, which is a slight decrease from the previous estimate of $0.26 per share. This aligns closely with the consensus estimate, which suggests that Orla Mining’s earnings for the current fiscal year will be around $0.24 per share. Additionally, Cormark estimates earnings for the fourth quarter of 2024 at $0.06 per share, while projecting FY2025 earnings to be $0.60 per share.

Other research firms have also weighed in on Orla Mining. For instance, Scotiabank raised their rating for the company from a “hold” to a “strong-buy” as of November 27th, 2024. On February 4th, 2025, TD Cowen initiated coverage with a “hold” rating, and TD Securities echoed this by elevating their rating to “hold” on the same day. Overall, the stock has been rated with two holds, one buy, and one strong buy. MarketBeat reports that Orla Mining currently holds an average rating of “Moderate Buy” with a consensus target price of $6.13.

Current Performance of Orla Mining

As of the most recent trading day, Orla Mining's stock opened at $7.01. The company boasts a market capitalization of approximately $2.26 billion. Its current PE ratio stands at -700.30, with a beta of 0.71, indicating its volatility relative to the market. Furthermore, Orla Mining has a debt-to-equity ratio of 0.12 and maintains a current ratio of 4.54, as well as a quick ratio of 3.95. Over the last year, the stock has seen a low of $3.24 and a high of $7.62.

Changes in Institutional Holdings

In recent developments regarding institutional investors, several have either increased their holdings or initiated new positions in Orla Mining. Notably, Allspring Global Investments Holdings LLC raised its stake in Orla Mining by 50.0% during the third quarter, acquiring an additional 150,000 shares to own a total of 450,000 shares valued at $1,812,000. Additionally, International Assets Investment Management LLC entered the market with a new position worth $43,000, while CWA Asset Management Group LLC also initiated a new stake valued at $5,927,000 during the same period. The Manufacturers Life Insurance Company increased its holdings by 67.2%, adding 118,961 shares to reach a total of 296,097 shares valued at $1,192,000. Currently, institutional investors own approximately 43.04% of the company’s stock.

Overview of Orla Mining

Orla Mining Ltd. focuses on the acquisition, exploration, development, and exploitation of mineral properties. The company specializes in exploring deposits of gold, silver, zinc, lead, and copper. Orla Mining holds full ownership of key projects, including the Camino Rojo project in Zacatecas, Mexico—spanning 138,636 hectares—and the Cerro Quema project in Panama, covering 15,000 hectares, as well as the South Railroad project, which encompasses 21,000 hectares in Elko, Nevada.

Earnings, Mining, Estimates