Orla Mining (NYSEAMERICAN:ORLA) Stock Rating Upgraded by Natl Bk Canada

Orla Mining (NYSEAMERICAN:ORLA) was upgraded by Natl Bk Canada to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also commented on ORLA. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Tuesday, October 21st. CIBC restated an “outperform” rating on shares of Orla Mining in a report on Monday, October 20th. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a report on Thursday, October 23rd. Finally, National Bankshares began coverage on Orla Mining in a research report on Monday. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Orla Mining currently has an average rating of “Buy” and an average target price of $27.00.

Orla Mining Price Performance

Orla Mining stock opened at $15.08 on Monday. The firm has a market cap of $5.13 billion, a P/E ratio of 116.01 and a beta of 0.30. The stock’s 50 day moving average is $13.08 and its 200 day moving average is $11.61. 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 one year low of $5.46 and a one year high of $15.36.

Hedge Funds Weigh In On Orla Mining

Institutional investors and hedge funds have recently modified their holdings of the stock. CWA Asset Management Group LLC boosted its stake in Orla Mining by 7.8% in the 4th quarter. CWA Asset Management Group LLC now owns 3,371,814 shares of the company’s stock worth $45,418,000 after purchasing an additional 245,384 shares in the last quarter. Innova Wealth Partners purchased a new position in Orla Mining in the fourth quarter worth about $245,000. Baldwin Wealth Partners LLC MA lifted its stake in shares of Orla Mining by 90.5% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 29,720 shares of the company’s stock worth $400,000 after buying an additional 14,120 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Orla Mining during the third quarter valued at approximately $776,000. Finally, Swiss Life Asset Management Ltd bought a new stake in shares of Orla Mining during the third quarter valued at approximately $142,000. 43.04% of the stock is currently owned by institutional investors.

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.