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

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

ORLA has been the topic of a number of recent analyst reports. Scotiabank restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. 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. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. Finally, National Bank Financial initiated coverage on shares of Orla Mining in a report on Monday, January 12th. They set an “outperform” rating on the stock.

Hedge Funds Weigh In On Orla Mining

A number of institutional investors have recently added to or reduced their stakes in the company. Sprott Inc. increased its holdings in Orla Mining by 1.8% during the fourth quarter. Sprott Inc. now owns 45,822 shares of the company’s stock worth $617,000 after buying an additional 799 shares during the last quarter. Parvin Asset Management LLC increased its holdings in shares of Orla Mining by 1.2% in the fourth quarter. Parvin Asset Management LLC now owns 70,500 shares of the company’s stock valued at $950,000 after purchasing an additional 825 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Orla Mining by 13.9% in the third quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock valued at $144,000 after purchasing an additional 1,637 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Orla Mining by 67.9% in the fourth 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, Mariner LLC increased its holdings in shares of Orla Mining by 15.3% in the fourth quarter. Mariner LLC now owns 14,929 shares of the company’s stock valued at $201,000 after purchasing an additional 1,976 shares during the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

Shares of ORLA stock opened at $14.80 on Thursday. The firm has a market cap of $5.12 billion, a PE ratio of 56.93 and a beta of 0.37. Orla Mining has a 12 month low of $8.50 and a 12 month high of $21.98. The company’s fifty day simple moving average is $17.08 and its 200-day simple moving average is $14.70. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.52.

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.