Scotiabank Brokers Boost Earnings Estimates for Orla Mining

Orla Mining Ltd. (NYSEAMERICAN:ORLA) – Research analysts at Scotiabank upped their FY2025 EPS estimates for Orla Mining in a research report issued on Friday, January 30th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.81 for the year, up from their prior forecast of $0.78. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.24 per share.

A number of other analysts have also recently issued reports on ORLA. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Tuesday, October 21st. Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. National Bankshares started coverage on shares of Orla Mining in a research report on Monday, January 12th. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Orla Mining currently has an average rating of “Buy” and an average price target of $27.00.

Orla Mining Trading Down 11.5%

Shares of Orla Mining stock opened at $15.09 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $14.48 and its 200-day moving average is $12.17. Orla Mining has a 12-month low of $6.02 and a 12-month high of $20.05. The stock has a market cap of $5.13 billion, a P/E ratio of 116.09 and a beta of 0.30.

Orla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Monday, January 12th will be given a $0.015 dividend. The ex-dividend date is Monday, January 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. Orla Mining’s payout ratio is presently -599.40%.

Hedge Funds Weigh In On Orla Mining

A number of institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC bought a new stake in Orla Mining during the 3rd quarter worth $27,000. IFP Advisors Inc increased its stake in shares of Orla Mining by 191.6% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock valued at $40,000 after buying an additional 2,616 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Orla Mining by 50.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after buying an additional 1,789 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Orla Mining during the 3rd quarter worth approximately $58,000. Finally, 111 Capital bought a new stake in Orla Mining during the 2nd quarter worth approximately $102,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

About Orla Mining

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.