Orla Mining Ltd reports results for the quarter ended June 30 - Earnings Summary

• Orla Mining Ltd OLA.TO reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of seven analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 14 cents to 26 cents per share.

• Revenue rose 211.8% to $263.75 million from a year ago; analysts expected $271.10 million.

• Orla Mining Ltd shares had risen by 1.6% this quarter and gained 74.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "buy"

• Wall Street's median 12-month price target for Orla Mining Ltd is C$18.00, about 21.2% above its last closing price of C$14.18

This summary was machine generated from LSEG data August 12 at 03:32 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)