Research Analysts Issue Forecasts for Orla Mining Ltd’s FY2018 Earnings (OLA)

Orla Mining Ltd (CVE:OLA) – Cormark issued their FY2018 earnings estimates for shares of Orla Mining in a research note issued to investors on Tuesday. Cormark analyst R. Gray forecasts that the company will post earnings of ($0.05) per share for the year. Cormark also issued estimates for Orla Mining’s FY2019 earnings at ($0.04) EPS, FY2020 earnings at $0.09 EPS, FY2021 earnings at $0.31 EPS and FY2022 earnings at $0.63 EPS.

Shares of Orla Mining (OLA) remained flat at $C$1.75 during mid-day trading on Thursday. The company’s stock had a trading volume of 236,800 shares, compared to its average volume of 120,076. The firm has a market cap of $287.19, a PE ratio of 35.00 and a beta of -1.54. Orla Mining has a 12 month low of C$1.04 and a 12 month high of C$1.85.

In other Orla Mining news, Director Jean Robitaille bought 945,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were purchased at an average cost of C$1.73 per share, for a total transaction of C$1,634,850.00. Also, Director Charles A. Jeannes bought 196,100 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of C$1.48 per share, for a total transaction of C$290,228.00. In the last quarter, insiders acquired 1,150,500 shares of company stock worth $1,939,648.

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