Analysts Set Orla Mining Ltd. (NYSEAMERICAN:ORLA) PT at $27.00

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages 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 stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. Zacks Research lowered shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. Finally, Scotiabank restated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sprott Inc. raised its stake in shares of Orla Mining by 1.8% during the fourth quarter. Sprott Inc. now owns 45,822 shares of the company’s stock worth $617,000 after acquiring an additional 799 shares in the last quarter. Parvin Asset Management LLC raised its stake 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 worth $950,000 after acquiring an additional 825 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Orla Mining by 13.9% in the third quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock worth $144,000 after purchasing an additional 1,637 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Orla Mining by 67.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after buying an additional 1,889 shares during the period. Finally, Mariner LLC boosted its position in Orla Mining by 15.3% during the fourth quarter. Mariner LLC now owns 14,929 shares of the company’s stock valued at $201,000 after buying an additional 1,976 shares during the period. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Orla Mining Stock Down 9.7%

ORLA opened at $13.35 on Monday. The company has a fifty day moving average price of $15.64 and a 200-day moving average price of $14.95. The firm has a market capitalization of $4.62 billion, a P/E ratio of 19.63 and a beta of 0.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.92. Orla Mining has a one year low of $8.68 and a one year high of $21.98.

Orla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, May 26th. Orla Mining’s payout ratio is -599.40%.

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.