Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives Consensus Recommendation of “Buy” from Analysts

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has earned an average rating of “Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $27.00.

A number of equities analysts have issued reports on the stock. Scotiabank restated an “outperform” rating on shares of Orla Mining in a research report on Monday. Royal Bank Of Canada reissued an “outperform” rating on shares of Orla Mining in a research note on Tuesday, October 21st. National Bankshares started coverage on Orla Mining in a research report on Monday, January 12th. They set an “outperform” rating for the company. CIBC reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, October 20th. Finally, Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th.

Orla Mining Trading Down 11.5%

Shares of ORLA stock opened at $15.09 on Friday. The stock has a market cap of $5.13 billion, a P/E ratio of 116.09 and a beta of 0.30. The company has a quick ratio of 0.88, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. Orla Mining has a fifty-two week low of $6.02 and a fifty-two week high of $20.05. The business has a fifty day simple moving average of $14.48 and a 200-day simple moving average of $12.16.

Orla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Monday, January 12th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a $0.06 annualized dividend and a yield of 0.4%. Orla Mining’s payout ratio is presently -599.40%.

Institutional Investors Weigh In On Orla Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC purchased a new position in shares of Orla Mining during the third quarter valued at approximately $27,000. IFP Advisors Inc raised its holdings in Orla Mining by 191.6% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock valued at $40,000 after acquiring an additional 2,616 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Orla Mining by 50.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after acquiring an additional 1,789 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Orla Mining during the 3rd quarter worth $58,000. Finally, 111 Capital acquired a new stake in shares of Orla Mining during the second quarter worth $102,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

About Orla Mining

Orla Mining is a Canada-based mineral exploration and development company focused on advancing gold and silver projects in the Americas. Its flagship asset is the Cerro Quema oxide gold-silver project in Panama, where the company holds approximately 13,000 hectares of mineral concessions. Through feasibility studies and pilot plant testing, Orla has demonstrated the potential of heap leach processing at Cerro Quema, positioning the asset for transition into construction and production phases.

In addition to Cerro Quema, Orla Mining expanded its portfolio in early 2023 with the acquisition of the Gold Springs project located along the Utah–Nevada border in the United States.