Analysts Set Orla Mining Ltd. (NYSEAMERICAN:ORLA) PT at $27.00

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has been given a consensus rating of “Buy” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

A number of research firms have recently weighed in on ORLA. TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, Zacks Research downgraded shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th.

Institutional Investors Weigh In On Orla Mining

A number of institutional investors have recently modified their holdings of the stock. Concurrent Investment Advisors LLC bought a new position in Orla Mining during the fourth quarter worth $1,197,000. Renaissance Technologies LLC boosted its holdings in Orla Mining by 32.1% in the first quarter. Renaissance Technologies LLC now owns 1,376,799 shares of the company’s stock worth $22,208,000 after purchasing an additional 334,600 shares during the period. Vanguard Group Inc. increased its stake in Orla Mining by 152.1% during the fourth quarter. Vanguard Group Inc. now owns 8,202,861 shares of the company’s stock valued at $110,320,000 after purchasing an additional 4,948,805 shares during the last quarter. Gabelli Funds LLC increased its stake in Orla Mining by 67.2% during the fourth quarter. Gabelli Funds LLC now owns 1,882,700 shares of the company’s stock valued at $25,360,000 after purchasing an additional 756,900 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new stake in shares of Orla Mining during the first quarter worth $3,966,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Price Performance

ORLA stock opened at $9.44 on Wednesday. The stock’s 50 day moving average is $9.62 and its two-hundred day moving average is $13.35. Orla Mining has a 52-week low of $8.43 and a 52-week high of $21.98. The company has a market capitalization of $3.27 billion, a PE ratio of 13.88 and a beta of 0.28. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

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.