Orla Mining (NYSEAMERICAN:ORLA) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Orla Mining (NYSEAMERICAN:ORLA) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other research firms also recently commented on ORLA. Scotiabank restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. National Bank Financial began coverage on Orla Mining in a report on Monday, January 12th. They set an “outperform” rating for the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Orla Mining in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Orla Mining in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Orla Mining presently has an average rating of “Buy” and a consensus target price of $27.00.

Orla Mining Stock Performance

Shares of ORLA stock opened at $16.10 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 123.86 and a beta of 0.30. Orla Mining has a one year low of $6.63 and a one year high of $20.05. The company has a 50 day moving average price of $14.95 and a 200 day moving average price of $12.45.

Orla Mining Announces Dividend

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

Institutional Investors Weigh In On Orla Mining

Large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new position in Orla Mining in the 3rd quarter worth $27,000. IFP Advisors Inc grew its stake in shares of 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 acquiring an additional 2,616 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Orla Mining by 50.0% during the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock worth $53,000 after acquiring an additional 1,789 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Orla Mining in the third quarter worth about $58,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Orla Mining by 67.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after purchasing an additional 1,889 shares during the last quarter. 43.04% of the stock is owned by institutional investors and hedge funds.

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.