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

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.00.

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

Institutional Investors Weigh In On Orla Mining

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Orla Mining in the 4th quarter valued at $29,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Orla Mining in the 3rd quarter valued at $27,000. SBI Securities Co. Ltd. boosted its stake in shares of 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 in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Orla Mining in the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at $13.35 on Monday. The firm has a market capitalization of $4.62 billion, a PE 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 0.88. The company’s fifty day moving average price is $15.64 and its two-hundred day moving average price is $14.98. Orla Mining has a 52-week low of $8.68 and a 52-week high of $21.98.

Orla Mining Announces Dividend

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