Orla Mining Ltd. (NYSEAMERICAN:ORLA) Given Consensus Rating of “Buy” by Analysts

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have earned a consensus rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $27.00.

ORLA has been the subject of a number of research analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Zacks Research raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 23rd.

Orla Mining Trading Up 4.9%

NYSEAMERICAN:ORLA opened at $14.03 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 0.88. Orla Mining has a fifty-two week low of $7.08 and a fifty-two week high of $21.98. The stock’s 50-day moving average is $17.17 and its two-hundred day moving average is $13.88. The stock has a market cap of $4.85 billion, a PE ratio of 53.96 and a beta of 0.23.

Institutional Trading of Orla Mining

Several large investors have recently added to or reduced their stakes in the business. Sprott Inc. grew its position in Orla Mining by 1.8% in the fourth quarter. Sprott Inc. now owns 45,822 shares of the company’s stock valued at $617,000 after acquiring an additional 799 shares during the period. Parvin Asset Management LLC lifted its holdings in shares of Orla Mining by 1.2% during the fourth quarter. Parvin Asset Management LLC now owns 70,500 shares of the company’s stock valued at $950,000 after acquiring an additional 825 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Orla Mining by 13.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock valued at $144,000 after purchasing an additional 1,637 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of 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 purchasing an additional 1,789 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Orla Mining by 67.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after purchasing an additional 1,889 shares during the last quarter. 43.04% of the stock is owned by institutional investors.

Orla Mining Company Profile

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.