Orla Mining (NYSEAMERICAN:ORLA) Sets New 12-Month Low – Should You Sell?

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.15 and last traded at $9.2050, with a volume of 2068460 shares trading hands. The stock had previously closed at $9.77.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. TD Cowen raised Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, Zacks Research lowered Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Orla Mining presently has a consensus rating of “Buy” and a consensus target price of $27.00.

Orla Mining Stock Down 4.0%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06. The firm’s 50 day moving average price is $11.81 and its two-hundred day moving average price is $14.71. The company has a market cap of $3.25 billion, a P/E ratio of 13.80 and a beta of 0.28.

Orla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is presently -599.40%.

Hedge Funds Weigh In On Orla Mining

Several institutional investors have recently made changes to their positions in ORLA. CIBC Private Wealth Group LLC bought a new position in shares of Orla Mining during the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Orla Mining in the 4th quarter valued at about $29,000. Optiver Holding B.V. bought a new stake in Orla Mining in the 1st quarter valued at about $40,000. SBI Securities Co. Ltd. raised its stake in Orla Mining by 67.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after buying an additional 1,889 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in Orla Mining by 197.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after buying an additional 3,524 shares during the period. Institutional investors and hedge funds own 43.04% of the company’s stock.

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.