Orla Mining Ltd (AMEX:ORLA) price on Thursday, April 10, rose 6.47% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.88.
A look at the stock’s price movement, the close in the last trading session was $9.28, moving within a range at $9.28 and $10.13. The beta value (5-Year monthly) was 1.54 while the PE ratio in trailing twelve months stood at 36.52. Turning to its 52-week performance, $9.65 and $3.24 were the 52-week high and 52-week low respectively. Overall, ORLA moved 25.86% over the past month.
Orla Mining Ltd’s market cap currently stands at around $3.19 billion, with investors looking forward to this quarter’s earnings report slated for in May.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 799.3M, representing a 132.42% 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 8.88% and 25.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.00, while 7-day volatility ratio is 12.70% and 7.55% in the 30-day chart. Further, Orla Mining Ltd (ORLA) has a beta value of 0.79, and an average true range (ATR) of 0.67. 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 57.69% off current price level while to achieve the yearly target high, price needs to move 57.69%. Nonetheless, investors will most likely welcome a 57.69% 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 1.68 over the past 10 days and 1.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 321.68 million shares.
The 35.04% of Orla Mining Ltd’s shares are in the hands of company insiders while institutional holders own 48.73% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.93 million on 2025-03-14, giving us a short ratio of 4.53. Current price change has pushed the stock 78.34% 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.
