Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Analysts rate Orla Mining a "Buy": Seven analysts cover the stock with an average recommendation of Buy and a 12‑month average price target of $27.00.
• Stock weakness and valuation: ORLA opened at $16.15 and was trading down 9.2%, with a 12‑month range of $8.50–$21.98, a market cap of $5.59 billion and a P/E of 62.12.
• Project pipeline: Orla’s flagship Cerro Quema oxide gold‑silver project in Panama is positioned to move toward construction/production, and the company also added the Gold Springs project on the Utah–Nevada border to its portfolio.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) has received an average recommendation of "Buy" from the seven analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.00.

Several brokerages recently commented on ORLA. Zacks Research cut Orla Mining from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 23rd. ATB Cormark Capital Markets upgraded Orla Mining from a "hold" rating to a "moderate buy" rating in a report on Monday, February 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Orla Mining in a research note on Monday, January 26th. National Bank Financial began coverage on shares of Orla Mining in a report on Monday, January 12th. They set an "outperform" rating for the company. Finally, Scotiabank reiterated an "outperform" rating on shares of Orla Mining in a research report on Monday, January 26th.

Orla Mining Trading Down 9.2%

ORLA stock opened at $16.15 on Thursday. Orla Mining has a 12-month low of $8.50 and a 12-month high of $21.98. The business's 50-day moving average is $17.17 and its 200 day moving average is $14.52. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 62.12 and a beta of 0.37.

Institutional Trading of Orla Mining

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in shares of Orla Mining by 45.8% during the 1st quarter. Millennium Management LLC now owns 594,177 shares of the company's stock worth $5,555,000 after purchasing an additional 186,714 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Orla Mining by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,061,455 shares of the company's stock valued at $9,925,000 after purchasing an additional 131,577 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Orla Mining by 3.3% in the second quarter. Geode Capital Management LLC now owns 124,405 shares of the company's stock valued at $1,255,000 after purchasing an additional 3,948 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Orla Mining by 83,706.4% during the second quarter. JPMorgan Chase & Co. now owns 313,436 shares of the company's stock worth $3,141,000 after buying an additional 313,062 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Orla Mining by 21.5% during the second quarter. Russell Investments Group Ltd. now owns 30,058 shares of the company's stock worth $301,000 after buying an additional 5,323 shares in the last quarter. 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.

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