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

Orla Mining (NYSEAMERICAN:ORLA) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

ORLA has been the subject of a number of other research reports. ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. TD Securities upgraded Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $27.00.

Orla Mining Price Performance

Shares of ORLA opened at $11.13 on Tuesday. The firm has a fifty day simple moving average of $13.63 and a two-hundred day simple moving average of $15.04. The firm has a market cap of $3.85 billion, a PE ratio of 16.37 and a beta of 0.21. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. Orla Mining has a 1-year low of $9.16 and a 1-year high of $21.98.

Institutional Trading of Orla Mining

Hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC purchased a new stake in Orla Mining during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Orla Mining during the fourth quarter valued at $29,000. Optiver Holding B.V. purchased a new position in Orla Mining during the first quarter valued at $40,000. SBI Securities Co. Ltd. lifted its position in Orla Mining by 67.9% during 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 in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in Orla Mining by 197.0% during the fourth 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. Hedge funds and other institutional investors own 43.04% of the company’s stock.

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.