Orla Mining (OLA) AI Stock Analysis

• Market Cap: C$4.38B
• Dividend Yield: N/A
• Average Volume (3M): 2.10M
• Price to Earnings (P/E): 138.1
• Beta (1Y): 1.17
• Revenue Growth: 123.03%
• EPS Growth: N/A
• Country: CA
• Employees: 354
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.28
• Shares Outstanding: 325,810,820
• 10 Day Avg. Volume: 1,803,770
• 30 Day Avg. Volume: 2,096,129
• PEG Ratio: -0.05
• Price to Book (P/B): 3.47
• Price to Sales (P/S): 5.13
• P/FCF Ratio: 12.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$24.33
• Price Target Upside: 81.03% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: C$15.00 ▲(11.61% Upside)

Orla Mining's overall score is driven by strong revenue growth but hampered by declining profit margins, cash flow issues, and a high P/E ratio indicating overvaluation. The technical indicators suggest a bearish trend, and mixed earnings call sentiment adds to the cautious outlook.

Positive Factors

Revenue Growth

The robust revenue growth rate indicates that Orla Mining is effectively expanding its operations and market presence, which is crucial for long-term sustainability and competitiveness in the mining industry.

Successful Integration

The successful integration of Musselwhite enhances Orla Mining's production capacity and operational efficiency, strengthening its market position and supporting future growth.

Exploration Success

The significant resource estimate at Camino Rojo provides a strong foundation for future development and production, ensuring long-term resource availability and potential revenue streams.

Negative Factors

Declining Profit Margins

The sharp decline in profit margins suggests rising costs or operational inefficiencies, which could impact Orla Mining's profitability and financial health if not addressed.

Cash Flow Issues

Negative cash flow growth indicates challenges in generating sufficient cash, which could limit Orla Mining's ability to invest in growth opportunities and manage debt effectively.

Revised Production Guidance

The downward revision in production guidance due to the Camino Rojo incident reflects operational risks that could affect Orla Mining's ability to meet market expectations and revenue targets.

Orla Mining Business Overview & Revenue Model

Company Description

Orla Mining Ltd. is a mineral exploration and development company focused on the acquisition, exploration, and development of gold and precious metal projects in North America and Latin America. The company is primarily engaged in the development of its flagship project, the Camino Rojo gold project in Mexico, which is a significant asset in its portfolio aimed at advancing towards production. Orla Mining is committed to sustainable mining practices and aims to create value through responsible resource development.

How the Company Makes Money

Orla Mining generates revenue primarily through the exploration and development of its mineral projects, with a focus on gold and precious metals. The company's revenue model is largely dependent on the successful advancement of its projects to the production stage, where it can sell the extracted minerals in global markets. Key revenue streams include the sale of gold, silver, and other precious metals once production commences. Additionally, the company may benefit from strategic partnerships with other mining companies or financial institutions that can provide funding, technical expertise, or access to markets, which can enhance its operational capabilities and revenue potential. Market conditions, including gold prices and demand for precious metals, also significantly influence its earnings.

Orla Mining Financial Statement Overview

Summary

Orla Mining shows strong revenue growth but faces challenges in profitability and cash flow management. The increased leverage and declining profit margins pose risks if not managed effectively.

Income Statement

Orla Mining's income statement shows a strong revenue growth rate of 42.94% TTM, indicating robust expansion. However, the net profit margin has significantly decreased to 4.29% TTM from 25.87% in the previous year, suggesting increased costs or operational challenges. The gross profit margin remains healthy at 54.96% TTM, but the decline in EBIT and EBITDA margins indicates potential profitability pressures.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.80 TTM, which is manageable but higher than previous years, indicating increased leverage. Return on equity has decreased to 5.30% TTM, down from 17.54% last year, suggesting reduced efficiency in generating returns. The equity ratio remains stable, indicating a solid capital structure.

Cash Flow

Cash flow analysis reveals a concerning negative free cash flow growth rate of -10.1% TTM, highlighting cash generation challenges. The operating cash flow to net income ratio is strong at 1.58 TTM, indicating good cash conversion, but the negative free cash flow to net income ratio of -0.42 TTM suggests cash flow issues that need addressing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	598.40M	327.41M	237.43M	187.48M	4.05M	0.00
Gross Profit	285.08M	173.39M	107.58M	104.92M	-12.54M	-111.37K
EBITDA	251.81M	213.48M	49.37M	99.47M	-24.08M	-25.97M
Net Income	25.47M	84.71M	-27.45M	44.41M	-25.84M	-29.10M
Balance Sheet
Total Assets	1.86B	598.35M	535.78M	613.82M	364.89M	239.19M
Cash, Cash Equivalents and Short-Term Investments	215.45M	160.85M	96.63M	96.28M	20.52M	72.18M
Total Debt	397.29M	2.18M	91.26M	148.97M	162.75M	70.41M
Total Liabilities	1.36B	90.90M	135.24M	216.83M	180.48M	78.61M
Stockholders Equity	497.84M	507.44M	400.54M	396.98M	184.42M	160.58M
Cash Flow
Free Cash Flow	-250.97M	145.19M	44.44M	77.33M	-120.98M	-49.43M
Operating Cash Flow	603.79M	174.62M	65.30M	95.31M	-24.74M	-18.13M
Investing Cash Flow	-858.99M	-21.94M	-41.73M	-13.36M	-113.27M	-36.90M
Financing Cash Flow	316.73M	-86.56M	-23.13M	-5.38M	85.95M	100.59M

Orla Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OLA, the sentiment is Negative. The current price of 13.44 is below the 20-day moving average (MA) of 15.60, below the 50-day MA of 15.45, and below the 200-day MA of 13.73, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 37.61 is Neutral, neither overbought nor oversold. The STOCH value of 14.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:OLA.

Orla Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TXG	71 Outperform	$5.26B	16.63	12.84%	―	5.33%	143.67%
NGD	69 Neutral	$7.37B	22.07	22.29%	―	48.70%	1718.41%
ELD	68 Neutral	$7.14B	14.73	9.54%	―	44.88%	38.67%
EQX	65 Neutral	$11.39B	―	-0.54%	―	90.17%	-91.76%
ARTG	62 Neutral	$7.54B	87.32	28.16%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
OLA	56 Neutral	C$4.38B	138.06	4.89%	―	123.03%	―

Orla Mining Corporate Events

Orla Mining on Track with Revised Gold Production Targets

Orla Mining Ltd. reported strong gold production from its Musselwhite mine in the third quarter of 2025, with the company on track to meet its revised annual production guidance of 265,000 to 285,000 ounces of gold. Despite a previous material movement incident at Camino Rojo, operations have stabilized, and the company adjusted its production guidance accordingly. The integration at Musselwhite and pit stabilization at Camino Rojo are progressing well, positioning Orla to achieve the high end of its revised production targets. The company maintains a net debt position of $93.1 million as of September 30, 2025.

The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.

Orla Mining Unveils Significant Gold Trend Extension at Musselwhite Mine

Orla Mining Ltd. has announced a significant exploration success at the Musselwhite Mine in northwestern Ontario, with the discovery of a potential two-kilometre extension of the mine’s main gold trend. This discovery, confirmed through high-grade drilling, suggests substantial potential to extend the mine’s life and increase production, reinforcing Musselwhite’s status as one of Canada’s longest-operating gold mines. The exploration program, which began after Orla’s acquisition of the mine from Newmont Corporation, is approximately 65% complete and aims to expand resources and identify new satellite deposits, potentially enhancing the company’s production capabilities and market positioning.

The most recent analyst rating on (TSE:OLA) stock is a Hold with a C$15.00 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.

Orla Mining Announces Board Resignation Following Newmont’s Share Sale

Orla Mining announced the resignation of Scott Langley from its Board of Directors, following Newmont Corporation’s sale of its shares in Orla. The company expressed gratitude for Langley’s contributions and the relationship with Newmont, and it welcomes a new group of investors as it continues to grow its business.

The most recent analyst rating on (TSE:OLA) stock is a Hold with a C$15.00 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.

Orla Mining Advances Sustainability Efforts with 2024 Report

Orla Mining has released its 2024 Sustainability Report, showcasing its commitment to responsible mining and transparent ESG performance. The report highlights significant achievements, including industry-leading emissions intensity at Camino Rojo, increased local hiring, and new environmental management standards. These efforts align with Orla’s strategy to integrate sustainability into its operations, enhancing its industry positioning and stakeholder value.

The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.

Orla Mining’s Mixed Earnings Call: Record Gains Amid Challenges

Orla Mining’s recent earnings call revealed a mixed sentiment among investors and analysts. While the company celebrated record production and financial achievements, challenges such as the Camino Rojo pit wall incident and increased production costs tempered the overall outlook. Concerns in Mexico also added to the cautious sentiment.

Orla Mining Advances South Railroad Project with Key Federal Milestone

Orla Mining Ltd. has achieved a significant milestone with the U.S. Department of the Interior Bureau of Land Management’s publication of the Notice of Intent for its South Railroad Project in Nevada. This marks the beginning of the federal permitting process, which is crucial for the project’s development. The South Railroad project is part of Orla’s strategy to increase its annual gold production to 500,000 ounces. The company is working to expedite the construction timeline and has already started detailed engineering and equipment procurement to mitigate development risks. This development is expected to enhance Orla’s position in the mining industry and provide growth opportunities on the Carlin Trend.

The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.

Orla Mining Achieves Record Gold Production in Q2 2025 Despite Operational Challenges

Orla Mining reported record gold production and sales for the second quarter of 2025, with 77,811 ounces produced and 78,911 ounces sold. Despite a pit wall event at Camino Rojo, which required operational adjustments, the company maintained strong financial performance with a net income of $48.2 million. The incident led to updated annual guidance, but proactive measures ensured no injuries or equipment damage, highlighting the company’s commitment to safety and operational resilience.

The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.

Orla Mining Unveils Promising Drill Results at Camino Rojo

Orla Mining has announced new drill results from Zone 22 at the Camino Rojo deposit, revealing high-grade mineralization outside current resource panels. This discovery enhances the potential for resource growth and classification upgrades, with the infill drilling program supporting an updated underground resource estimate. The program’s success has led to an expansion of the drilling initiative, which is expected to contribute to the planned 2026 Preliminary Economic Assessment. The results indicate strong potential for further growth and reinforce Zone 22’s significance in the company’s underground exploration strategy.

The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.

Orla Mining Updates on Camino Rojo Pit Wall Event and Adjusts 2025 Guidance

Orla Mining Ltd. has announced an update regarding a recent pit wall event at its Camino Rojo Oxide Mine in Zacatecas, Mexico. The incident involved uncontrolled material movement on the north wall of the open pit, but resulted in no injuries or equipment damage. The company has conducted a geotechnical assessment and developed an action plan to stabilize the north wall, which includes a 50-80 metre pushback and continuous monitoring to ensure safety. This event has led to a revision of Orla’s 2025 production guidance, with a slight reduction in expected gold production and an increase in cash costs and all-in sustaining costs. The company emphasizes the importance of safety and operational discipline in its response to the event.

The most recent analyst rating on (TSE:OLA) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Orla Mining stock, see the TSE:OLA Stock Forecast page.