Orla Mining Ltd. (NYSEAMERICAN:ORLA) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Orla Mining has a consensus analyst rating of “Buy”, based on seven brokerages covering the stock. The average 12-month price target is $27.00.
• Recent analyst actions were mixed but leaned positive, with firms like CIBC, Scotiabank, and National Bank Financial issuing or reaffirming outperform ratings, while Zacks Research downgraded the stock from strong-buy to hold.
• The company’s shares opened at $15.04, giving it a market cap of about $5.2 billion; hedge funds and institutional investors hold 43.04% of the stock. Orla Mining focuses on gold and silver projects, led by its Cerro Quema project in Panama and the Gold Springs project in the U.S.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) has been given an average recommendation of "Buy" by the seven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $27.00.

A number of equities analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Orla Mining in a research note on Wednesday, February 4th. Zacks Research cut Orla Mining from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 23rd. Scotiabank reissued an "outperform" rating on shares of Orla Mining in a research note on Monday, January 26th. ATB Cormark Capital Markets raised Orla Mining from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 23rd. Finally, National Bank Financial assumed coverage on Orla Mining in a research note on Monday, January 12th. They issued an "outperform" rating on the stock.

Hedge Funds Weigh In On Orla Mining

Institutional investors and hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new position in Orla Mining during the 3rd quarter valued at about $776,000. Gabelli Funds LLC grew its stake in Orla Mining by 9.7% during the 3rd quarter. Gabelli Funds LLC now owns 1,125,800 shares of the company's stock valued at $12,159,000 after acquiring an additional 100,000 shares in the last quarter. Forge First Asset Management Inc. purchased a new position in Orla Mining during the 3rd quarter valued at about $1,079,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Orla Mining by 41.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company's stock valued at $78,194,000 after acquiring an additional 2,111,765 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Orla Mining by 29.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,562,500 shares of the company's stock valued at $21,015,000 after acquiring an additional 354,000 shares in the last quarter. Hedge funds and other institutional investors own 43.04% of the company's stock.

Orla Mining Stock Performance

Shares of ORLA opened at $15.04 on Monday. The business's 50-day moving average price is $16.38 and its 200 day moving average price is $14.84. The stock has a market capitalization of $5.20 billion, a P/E ratio of 57.85 and a beta of 0.20. Orla Mining has a 1-year low of $8.50 and a 1-year high of $21.98. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52.

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.

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