Orla Mining (NYSEAMERICAN:ORLA) Raised to “Buy” at TD Cowen

Orla Mining (NYSEAMERICAN:ORLA) was upgraded by research analysts at TD Cowen from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other brokerages have also issued reports on ORLA. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Orla Mining in a report on Wednesday, February 4th. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. BMO Capital Markets reissued an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. Zacks Research upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $27.00.

Orla Mining Stock Down 6.4%

Shares of NYSEAMERICAN:ORLA opened at $12.17 on Wednesday. Orla Mining has a 52-week low of $9.16 and a 52-week high of $21.98. The stock has a market cap of $4.21 billion, a P/E ratio of 17.90 and a beta of 0.20. The business has a fifty day moving average of $15.42 and a two-hundred day moving average of $15.02. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On Orla Mining

A number of institutional investors have recently made changes to their positions in ORLA. Caitong International Asset Management Co. Ltd purchased a new position in shares of Orla Mining during the 4th quarter worth approximately $29,000. CIBC Private Wealth Group LLC purchased a new stake in Orla Mining in the third quarter valued at approximately $27,000. SBI Securities Co. Ltd. lifted its stake in Orla Mining by 67.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after purchasing an additional 1,889 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Orla Mining by 197.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after buying an additional 3,524 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Orla Mining by 82.2% during the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after buying an additional 4,584 shares during the period. 43.04% of the stock is currently owned by institutional investors and hedge funds.

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.