Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives Average Rating of “Moderate Buy” from Brokerages

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

ORLA has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Tuesday, October 21st. Scotiabank restated an “outperform” rating on shares of Orla Mining in a report on Thursday, October 23rd. Finally, CIBC restated an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th.

Institutional Investors Weigh In On Orla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Merrion Investment Management Co LLC purchased a new stake in shares of Orla Mining in the 2nd quarter worth about $355,000. Allspring Global Investments Holdings LLC increased its position in shares of Orla Mining by 99.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,208,500 shares of the company’s stock valued at $13,031,000 after buying an additional 601,500 shares during the period. Euro Pacific Asset Management LLC bought a new position in Orla Mining in the third quarter worth about $3,557,000. Louisbourg Investments Inc. purchased a new stake in Orla Mining in the second quarter worth about $2,957,000. Finally, Covea Finance purchased a new stake in Orla Mining in the third quarter worth about $10,158,000. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA opened at $13.84 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.71 billion, a PE ratio of 106.47 and a beta of 0.30. The company’s fifty day moving average is $12.57 and its 200 day moving average is $11.43. Orla Mining has a 52 week low of $5.46 and a 52 week high of $14.98.

Orla Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Monday, January 12th will be issued a $0.015 dividend. The ex-dividend date is Monday, January 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%.

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.