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

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.00.

Several equities analysts recently issued reports on ORLA shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Tuesday, October 21st. Natl Bk Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Finally, Scotiabank restated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ORLA. CIBC Private Wealth Group LLC purchased a new stake in shares of Orla Mining during the 3rd quarter valued at about $27,000. IFP Advisors Inc grew its position in Orla Mining by 191.6% during the second quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock valued at $40,000 after buying an additional 2,616 shares during the period. SBI Securities Co. Ltd. grew 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 buying an additional 1,889 shares during the period. TD Waterhouse Canada Inc. increased its holdings 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 buying an additional 3,524 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in Orla Mining in the third quarter worth approximately $58,000. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

Shares of ORLA stock opened at $15.96 on Friday. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 122.78 and a beta of 0.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07. Orla Mining has a one year low of $6.54 and a one year high of $20.05. The company’s 50-day moving average is $14.64 and its 200 day moving average is $12.25.

Orla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Monday, January 12th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, January 12th. Orla Mining’s dividend payout ratio (DPR) is -599.40%.

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.