Orla Mining (NYSEAMERICAN:ORLA) Shares Down 9.9% – What’s Next?

Orla Mining Ltd. (NYSEAMERICAN:ORLA)’s stock price fell 9.9% during mid-day trading on Thursday . The company traded as low as $17.55 and last traded at $17.6120. 3,166,805 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 2,294,690 shares. The stock had previously closed at $19.55.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ORLA. 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 shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Orla Mining in a report on Monday. National Bankshares started coverage on shares of Orla Mining in a report on Monday, January 12th. They issued an “outperform” rating on the stock. Finally, CIBC reissued an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $27.00.

Orla Mining Stock Performance

The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 116.09 and a beta of 0.30. The stock’s 50-day simple moving average is $14.48 and its 200-day simple moving average is $12.16.

Orla Mining Dividend Announcement

The firm 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. The ex-dividend date is Monday, January 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. Orla Mining’s dividend payout ratio (DPR) is presently -599.40%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Orla Mining by 99.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,208,500 shares of the company’s stock worth $13,031,000 after purchasing an additional 601,500 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in Orla Mining during the 3rd quarter worth about $2,303,000. Merrion Investment Management Co LLC bought a new stake in shares of Orla Mining in the 2nd quarter valued at about $355,000. Euro Pacific Asset Management LLC acquired a new stake in shares of Orla Mining in the third quarter valued at about $3,557,000. Finally, CWA Asset Management Group LLC raised its position in shares of Orla Mining by 22.9% during the third quarter. CWA Asset Management Group LLC now owns 3,126,430 shares of the company’s stock worth $33,765,000 after acquiring an additional 582,789 shares during the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

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.