Scotiabank Issues Positive Forecast for Orla Mining Earnings

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Equities research analysts at Scotiabank upped their FY2027 earnings estimates for shares of Orla Mining in a research report issued to clients and investors on Wednesday, April 1st. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $1.41 per share for the year, up from their prior forecast of $1.40. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a report on Wednesday, February 4th. National Bank Financial began coverage on shares of Orla Mining in a report on Monday, January 12th. They set an “outperform” rating for the company. Zacks Research downgraded shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $27.00.

Orla Mining Stock Up 2.0%

Orla Mining stock opened at $17.04 on Friday. Orla Mining has a 12 month low of $7.08 and a 12 month high of $21.98. The stock has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $14.09. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 65.54 and a beta of 0.37.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Orla Mining during the 4th quarter valued at $82,000. Groupama Asset Managment lifted its position in Orla Mining by 38.0% during the fourth quarter. Groupama Asset Managment now owns 444,142 shares of the company’s stock valued at $5,983,000 after purchasing an additional 122,235 shares in the last quarter. Virtu Financial LLC bought a new stake in Orla Mining during the fourth quarter valued at about $160,000. Invesco Ltd. grew its holdings in Orla Mining by 994.7% during the fourth quarter. Invesco Ltd. now owns 3,539,392 shares of the company’s stock valued at $47,676,000 after purchasing an additional 3,216,068 shares during the period. Finally, Vident Advisory LLC purchased a new stake in Orla Mining in the fourth quarter worth about $463,000. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Company Profile

Orla Mining is a Canada-based mineral exploration and development company focused on advancing gold and silver projects in the Americas. Its flagship asset is the Cerro Quema oxide gold-silver project in Panama, where the company holds approximately 13,000 hectares of mineral concessions. Through feasibility studies and pilot plant testing, Orla has demonstrated the potential of heap leach processing at Cerro Quema, positioning the asset for transition into construction and production phases.

In addition to Cerro Quema, Orla Mining expanded its portfolio in early 2023 with the acquisition of the Gold Springs project located along the Utah–Nevada border in the United States.