Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives $27.00 Average PT from Analysts

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have received an average recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.00.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ORLA. CIBC Private Wealth Group LLC acquired a new position in shares of Orla Mining during the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Orla Mining in the 4th quarter valued at about $29,000. Optiver Holding B.V. bought a new stake in shares of Orla Mining in the 1st quarter valued at about $40,000. SBI Securities Co. Ltd. lifted its stake in Orla Mining by 67.9% in the 4th 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 during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Orla Mining by 197.0% in the 4th 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 during the last quarter. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $8.94 on Friday. The stock has a 50 day moving average price of $10.34 and a 200 day moving average price of $14.16. Orla Mining has a 52 week low of $8.43 and a 52 week high of $21.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06. The stock has a market capitalization of $3.09 billion, a PE ratio of 13.15 and a beta of 0.28.

Orla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, May 26th. Orla Mining’s dividend 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.