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

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $27.00.

Several research firms recently issued reports on ORLA. Royal Bank Of Canada reissued an “outperform” rating on shares of Orla Mining in a research report on Tuesday, October 21st. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Monday, October 20th. Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. Scotiabank reissued an “outperform” rating on shares of Orla Mining in a research note on Monday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a report on Monday.

Institutional Trading of Orla Mining

Institutional investors and hedge funds have recently bought and sold shares of the business. Parvin Asset Management LLC grew its holdings in Orla Mining by 2.2% during the 3rd quarter. Parvin Asset Management LLC now owns 69,675 shares of the company’s stock valued at $752,000 after purchasing an additional 1,475 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Orla Mining by 13.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock worth $144,000 after buying an additional 1,637 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position 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 buying an additional 1,789 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Orla Mining during the third quarter valued at about $27,000. Finally, IFP Advisors Inc grew its stake in shares of Orla Mining by 191.6% during the second 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 in the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Stock Down 11.5%

Shares of NYSEAMERICAN:ORLA opened at $15.09 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 116.09 and a beta of 0.30. The stock’s 50-day moving average price is $14.48 and its two-hundred day moving average price is $12.16. Orla Mining has a 12-month low of $6.02 and a 12-month high of $20.05.

Orla Mining Announces Dividend

The company also recently disclosed 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. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, January 12th. Orla Mining’s dividend payout ratio (DPR) is -599.40%.

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.