Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives $27.00 Consensus Price Target from Brokerages

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has been assigned an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $27.00.

ORLA has been the topic of a number of analyst reports. Zacks Research cut shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th.

Institutional Trading of Orla Mining

Institutional investors have recently added to or reduced their stakes in the company. Sprott Inc. grew 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 valued at $617,000 after buying an additional 799 shares during the last quarter. Parvin Asset Management LLC lifted its stake 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 worth $950,000 after acquiring an additional 825 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Orla Mining by 67.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after acquiring an additional 1,889 shares during the period. Mariner LLC boosted its holdings in Orla Mining by 15.3% during the 4th quarter. Mariner LLC now owns 14,929 shares of the company’s stock valued at $201,000 after acquiring an additional 1,976 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Orla Mining in the 4th quarter valued at $29,000. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $9.44 on Wednesday. The stock’s fifty day moving average is $9.62 and its 200 day moving average is $13.36. Orla Mining has a fifty-two week low of $8.43 and a fifty-two week high of $21.98. The firm has a market capitalization of $3.27 billion, a PE ratio of 13.88 and a beta of 0.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06.

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.