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

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have earned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $27.00.

A number of research firms have recently weighed in on ORLA. TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Zacks Research downgraded shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th.

Orla Mining Price Performance

ORLA opened at $9.26 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $10.54 and its 200 day simple moving average is $14.27. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 13.62 and a beta of 0.28. Orla Mining has a 1 year low of $8.43 and a 1 year high of $21.98.

Orla Mining Announces Dividend

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

Institutional Trading of Orla Mining

Several large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC bought a new position in Orla Mining during the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Orla Mining in the 4th quarter worth approximately $29,000. Optiver Holding B.V. bought a new stake in shares of Orla Mining in the 1st quarter worth approximately $40,000. SBI Securities Co. Ltd. grew its position 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 buying an additional 1,889 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Orla Mining by 197.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock valued at $71,000 after buying an additional 3,524 shares during the period. 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.