Wall Street Analysts Believe Orla Mining (ORLA) Could Rally 32.16%: Here's is How to Trade

Core Viewpoint - Orla Mining Ltd. (ORLA) has seen a 16% increase in share price over the past four weeks, closing at $12.53, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $16.56, representing a 32.2% upside [1][11]. Price Targets - The average of eight short-term price targets ranges from a low of $12.60 to a high of $19.95, with a standard deviation of $3, indicating variability among analysts [2]. - The lowest estimate suggests a 0.6% increase from the current price, while the highest estimate indicates a 59.2% upside [2]. Analyst Consensus and Earnings Estimates - Analysts have shown increasing optimism regarding ORLA's earnings prospects, with a strong agreement in revising EPS estimates higher, which correlates with potential stock price increases [4][11]. - Over the last 30 days, four estimates have been revised upward, leading to a 25.3% increase in the Zacks Consensus Estimate for the current year [12]. Zacks Rank - ORLA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for upside in the near term [13]. Price Movement Guidance - While the consensus price target may not be a reliable indicator of the extent of ORLA's potential gains, the implied direction of price movement appears to be a useful guide for investors [14].