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

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $27.00.

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Orla Mining in a report on Tuesday, October 21st. National Bankshares began coverage on shares of Orla Mining in a research report on Monday. They issued an “outperform” rating on the stock. CIBC restated an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. Finally, Scotiabank restated an “outperform” rating on shares of Orla Mining in a research note on Thursday, October 23rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ORLA. CIBC Private Wealth Group LLC bought a new stake in shares of Orla Mining during the third quarter valued at about $27,000. Salem Investment Counselors Inc. acquired a new position in Orla Mining during the 2nd quarter valued at about $30,000. IFP Advisors Inc raised its position in shares of Orla Mining by 191.6% during the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock worth $40,000 after buying an additional 2,616 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Orla Mining by 50.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock worth $53,000 after acquiring an additional 1,789 shares during the period. Finally, Farther Finance Advisors LLC bought a new position in shares of Orla Mining in the third quarter valued at approximately $58,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Orla Mining Trading Up 3.8%

NYSEAMERICAN:ORLA opened at $14.75 on Tuesday. The firm has a market capitalization of $5.02 billion, a P/E ratio of 113.47 and a beta of 0.30. The business has a 50 day simple moving average of $12.97 and a 200 day simple moving average of $11.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 0.88. Orla Mining has a 12-month low of $5.46 and a 12-month high of $14.98.

Orla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Monday, January 12th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $0.06 annualized dividend and a yield of 0.4%.

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.