Scotiabank Has Positive View of Orla Mining FY2024 Earnings

Orla Mining Ltd. (TSE:OLA) – Analysts at Scotiabank increased their FY2024 earnings estimates for shares of Orla Mining in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn $0.31 per share for the year, up from their previous estimate of $0.30. Scotiabank has a “Outperform” rating and a $7.75 price target on the stock. The consensus estimate for Orla Mining’s current full-year earnings is $0.34 per share.

A number of other equities analysts have also weighed in on OLA. Stifel Nicolaus upped their price objective on Orla Mining from C$8.00 to C$9.75 in a research report on Monday, December 2nd. CIBC upped their price target on Orla Mining from C$8.50 to C$9.25 in a report on Tuesday, December 17th. Finally, Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st.

Orla Mining Trading Up 2.4 %

Shares of TSE OLA opened at C$8.59 on Friday. The firm’s 50 day moving average price is C$7.19 and its 200-day moving average price is C$6.18. Orla Mining has a 52-week low of C$4.07 and a 52-week high of C$8.67. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. The company has a market cap of C$2.75 billion, a PE ratio of -171.80 and a beta of 1.57.

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.