Orla Mining Receives Buy Rating from Stifel Nicolaus with $19 Price Target

Orla Mining received a Buy rating from Stifel Nicolaus with a price target of C$19.00. The company's shares opened at C$14.73. Analyst Rico covers Basic Materials stocks, with a 20.6% average return and 70.39% success rate. Orla Mining has a Strong Buy consensus with a price target of C$18.08, a 22.74% upside from current levels.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report), a mineral exploration and development company, saw its share price rise 5.1% during mid-day trading on Friday, July 11, 2025. The stock traded as high as $11.17 and last traded at $11.25, marking a significant increase from its previous close of $10.70. Approximately 448,883 shares traded hands, a decline of 50% from the average daily volume of 891,007 shares [1].

The positive movement in Orla Mining's stock can be attributed to several factors. Firstly, Stifel Canada raised the stock to a "strong-buy" rating with a price target of $19.00 on Wednesday, March 19, 2025. The consensus rating among analysts is "Buy," with an average target price of $6.00 [1]. Analyst Rico, who covers Basic Materials stocks, has a 20.6% average return and a 70.39% success rate. Orla Mining has a Strong Buy consensus with a price target of $18.08, indicating a 22.74% upside from current levels [1].

Additionally, Orla Mining's acquisition of the Musselwhite gold mine in Ontario, Canada, for $850 million (C$1.22 billion), has bolstered the company's production and cash flow. The CEO, Jason Simpson, stated that the acquisition doubled production and cash flow, helping the company expand operations in Canada, the United States, and Mexico [2]. This strategic move aims to reduce risks from relying on a single geographical region.

Orla Mining reported strong operational performance in the second quarter ended June 30, 2025. The company remains on track to achieve its annual consolidated production guidance of 280,000 to 300,000 ounces of gold. During the quarter, the Camino Rojo operations mined nearly 2.0 million tonnes of ore and 2.6 million tonnes of waste, while Musselwhite operations mined 303,000 tonnes of ore and milled 295,000 tonnes at a mill head grade of 5.52 g/t gold [3]. The company also repaid $30.0 million towards its revolving credit facility, bringing the outstanding drawn amount to $120.0 million. At June 30, 2025, Orla's cash position was $215.4 million, resulting in a net debt position of $204.6 million [3].

The company's financial health and strategic acquisitions have contributed to the positive sentiment surrounding Orla Mining. As the company continues to expand its operations and improve its production capabilities, investors should closely monitor its progress and upcoming earnings reports.

References:
[1] https://www.marketbeat.com/instant-alerts/orla-mining-nyseamericanorla-trading-51-higher-heres-what-happened-2025-07-11/
[2] https://www.northernminer.com/subscribe-login/?id=1003876620
[3] https://finance.yahoo.com/news/orla-mining-achieves-record-quarterly-100000703.html