Orla Mining (ORLA) Stock

Does Orla Mining Ltd. (ORLA) have what it takes to be a top stock pick for momentum investors?

Orla Mining (ORLA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Orla Mining reported record Q3-24 gold production, and is tracking to deliver a nearly 20% beat vs. its initial annual guidance midpoint. Notably, the company is on track for another quarter of 65%+ AISC margins, benefiting from more normalized sustaining capital spend, a record gold price and higher sales. Finally, it sports one of the sector's strongest balance sheets today relative to its small-cap peers, allowing it to fund its 2nd mine build from cash & potentially pay a dividend.

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

Orla Mining Ltd. (NYSE:ORLA ) Q2 2024 Earnings Conference Call August 13, 2024 10:00 AM ET Company Participants Andrew Bradbury - Vice President-Investor Relations & Corporate Development Jason Simpson - President & Chief Executive Officer Andrew Cormier - Chief Operating Officer Etienne Morin - Chief Financial Officer Sylvain Guerard - Senior Vice President, Exploration Chafika Eddine - Chief Sustainability Officer Conference Call Participants John Sclodnick - Desjardins Bryce Adams - CIBC Capital Markets Operator Good morning, ladies and gentlemen and welcome to Orla Mining's Conference Call for the Second Quarter 2024 Results.

Orla Mining (ORLA) shares have begun to rise and could potentially continue to increase in the short term, driven by strong revisions in earnings estimates.

(Kitco News) - Orla said the quarter was marked by continued operational outperformance at Camino Rojo and balance sheet strengthening.

After a sharp sell-off since mid-summer, many investors are looking for the safety of quality, blue-chip stocks. That's if they haven't moved over to the relative safety of U.S. Treasury notes.

Orla Mining Ltd. (ORLA) is technically in oversold territory now, so the heavy selling pressure might have exhausted.