With over 0.49 million Orla Mining Ltd (ORLA) shares trading Friday and a closing price of $3.42 on the day, the dollar volume was approximately $1.67 million. The shares have shown a negative half year performance of -15.14% and its price on 12/22/23 gained nearly 2.40%. Currently, there are 305.81M common shares owned by the public and among those 202.33M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for ORLA have a consensus price objective of $4.60. The analysts have set the share’s price value over the next 12 months at a high of $5.61 and a low of $3.37. But an upside of 39.04% will see the stock hit the forecast high price target while median target price for the stock is $4.67.
Insiders at the company have transacted a total of 98 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 5,576,205 shares. Insider sales of the common stock occurred on 51 occasions, with total insider shares sold totaling 2,052,623 shares.
The top 3 mutual fund holders in Orla Mining Ltd are VanEck Junior Gold Miners ETF, Fidelity Select Port. – Gold Port, and First Eagle Gold Fund. VanEck Junior Gold Miners ETF owns 9.31 million shares of the company’s stock, all valued at over $28.02 million. Fidelity Select Port. – Gold Port sold -0.66 million shares to see its total holdings shrink to 8.13 million shares valued at over $24.46 million and representing 2.58% of the shares outstanding. First Eagle Gold Fund now owns shares totaling to 2.07% of the shares outstanding.
Shares of Orla Mining Ltd (AMEX: ORLA) opened at $3.40, up $0.06 from a prior closing price of $3.34. However, the script later moved the day high at 3.5000, up 2.40%. The company’s stock has a 5-day price change of 11.04% and -12.98% over the past three months. ORLA shares are trading -15.35% year to date (YTD), with the 12-month market performance down to -15.76% lower. It has a 12-month low price of $2.60 and touched a high of $5.02 over the same period. ORLA has an average intraday trading volume of 632.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.23%, 10.29%, and -16.02% respectively.
Institutional ownership of Orla Mining Ltd (AMEX: ORLA) shares accounts for 54.86% of the company’s 305.81M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $1.08B and a beta (3y monthly) value of 1.47. The stock’s trailing 12-month PE ratio is 21.76, while the earnings-per-share (ttm) stands at $0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.32% over the week and 5.21% over the month.
Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 2 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”
