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

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.00.

A number of research analysts have recently commented on the company. TD Securities upgraded Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, Zacks Research lowered Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th.

Orla Mining Stock Up 0.9%

Shares of ORLA stock opened at $9.73 on Tuesday. Orla Mining has a 12 month low of $9.16 and a 12 month high of $21.98. The firm has a market cap of $3.37 billion, a PE ratio of 14.31 and a beta of 0.21. The stock has a 50 day moving average of $12.42 and a 200-day moving average of $14.85. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Orla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, May 26th. Orla Mining’s dividend payout ratio is presently -599.40%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Orla Mining in the fourth quarter valued at $29,000. CIBC Private Wealth Group LLC acquired a new position in shares of Orla Mining in the third quarter valued at $27,000. Optiver Holding B.V. acquired a new position in shares of Orla Mining in the first quarter valued at $40,000. SBI Securities Co. Ltd. raised its stake in shares of Orla Mining by 67.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after purchasing an additional 1,889 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Orla Mining by 197.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock valued at $71,000 after purchasing an additional 3,524 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

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.