Orla Mining Ltd (AMEX:ORLA) price on Wednesday, April 30, rose 5.06% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.00.
A look at the stock’s price movement, the close in the last trading session was $10.47, moving within a range at $10.255 and $11.02. The beta value (5-Year monthly) was 1.54 while the PE ratio in trailing twelve months stood at 40.67. Turning to its 52-week performance, $11.95 and $3.24 were the 52-week high and 52-week low respectively. Overall, ORLA moved 17.65% over the past month.
Orla Mining Ltd’s market cap currently stands at around $3.55 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 770.5M, representing a 124.05% 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 6.90% and 22.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.57, while 7-day volatility ratio is 4.60% and 7.33% in the 30-day chart. Further, Orla Mining Ltd (ORLA) has a beta value of 0.77, and an average true range (ATR) of 0.64. 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 62.0% off current price level while to achieve the yearly target high, price needs to move 62.0%. Nonetheless, investors will most likely welcome a 62.0% 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 1.34 over the past 10 days and 1.34 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 49.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.17 million on 2025-04-15, giving us a short ratio of 3.11. Current price change has pushed the stock 98.56% 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.
