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

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $27.00.

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

Institutional Investors Weigh In On Orla Mining

Hedge funds have recently added to or reduced their stakes in the business. Sprott Inc. boosted its holdings in shares of Orla Mining by 1.8% during the 4th quarter. Sprott Inc. now owns 45,822 shares of the company’s stock worth $617,000 after buying an additional 799 shares in the last quarter. Parvin Asset Management LLC lifted its position in shares of Orla Mining by 1.2% during the 4th 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 Orla Mining by 13.9% during the third quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock worth $144,000 after acquiring an additional 1,637 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Orla Mining by 50.0% in the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock worth $53,000 after purchasing an additional 1,789 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in Orla Mining by 67.9% in the fourth 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 period. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Trading Down 7.5%

Shares of ORLA stock opened at $20.08 on Wednesday. Orla Mining has a 1-year low of $6.85 and a 1-year high of $21.98. 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 stock has a market cap of $6.92 billion, a price-to-earnings ratio of 154.47 and a beta of 0.23. The stock has a 50-day moving average of $16.44 and a 200-day moving average of $13.33.

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.