Orla Mining (NYSEAMERICAN:ORLA) Stock Rating Upgraded by Zacks Research

Orla Mining (NYSEAMERICAN:ORLA) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on ORLA. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Orla Mining in a report on Wednesday, February 4th. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Finally, Scotiabank restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $27.00.

Orla Mining Trading Down 6.4%

Shares of NYSEAMERICAN:ORLA opened at $12.17 on Monday. The firm has a fifty day moving average of $15.42 and a two-hundred day moving average of $15.02. The firm has a market capitalization of $4.21 billion, a P/E ratio of 17.90 and a beta of 0.20. Orla Mining has a 12-month low of $9.16 and a 12-month high of $21.98. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sprott Inc. raised its holdings in Orla Mining by 1.8% in the 4th quarter. Sprott Inc. now owns 45,822 shares of the company’s stock worth $617,000 after acquiring an additional 799 shares during the period. Parvin Asset Management LLC increased its holdings 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 purchasing an additional 825 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Orla Mining by 13.9% during the 3rd 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 period. SBI Securities Co. Ltd. increased its holdings in shares of Orla Mining by 67.9% during the 4th 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. Finally, Mariner LLC increased its holdings in shares of Orla Mining by 15.3% during the 4th quarter. Mariner LLC now owns 14,929 shares of the company’s stock worth $201,000 after purchasing an additional 1,976 shares during the period. Institutional investors own 43.04% of the company’s stock.

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.