Orla Mining Ltd (AMEX:ORLA) price on Thursday, March 20, rose 3.68% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.30.
A look at the stock’s price movement, the close in the last trading session was $8.97, moving within a range at $8.75 and $9.33. The beta value (5-Year monthly) was 1.448 while the PE ratio in trailing twelve months stood at 34.38. Turning to its 52-week performance, $9.62 and $3.24 were the 52-week high and 52-week low respectively. Overall, ORLA moved 30.99% over the past month.
Orla Mining Ltd’s market cap currently stands at around $2.99 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 765.7M, representing a 122.65% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ORLA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend ORLA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ORLA’s current price about 20.32% and 34.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.78, while 7-day volatility ratio is 7.95% and 6.09% in the 30-day chart. Further, Orla Mining Ltd (ORLA) has a beta value of 1.21, and an average true range (ATR) of 0.48. Analysts have given the company’s stock an average 52-week price target of $4.18, forecast between a low of $4.18 and high of $4.18. Looking at the price targets, the low is 55.05% off current price level while to achieve the yearly target high, price needs to move 55.05%. Nonetheless, investors will most likely welcome a 55.05% jump to $4.18 which is the analysts’ median price.
If we refocus on Orla Mining Ltd (AMEX:ORLA), historical trading data shows that trading volumes averaged 1.59 over the past 10 days and 857.60K over the past 3 months. The company’s latest data on shares outstanding shows there are 321.68 million shares.
The 35.25% of Orla Mining Ltd’s shares are in the hands of company insiders while institutional holders own 48.59% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.08 million on 2025-02-28, giving us a short ratio of 5.32. Current price change has pushed the stock 67.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ORLA stock continues to rise going into the next quarter.
