5 Most Oversold Canadian Stocks to Invest In

2. Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Relative Strength Index Reading: 33.76

Stock Upside Potential: 77.87%

Number of Hedge Fund Holders: 25

Orla Mining Ltd (NYSEAMERICAN:ORLA) is one of the most oversold Canadian stocks to invest in. On April 13, Orla Mining Ltd (NYSEAMERICAN:ORLA) management reiterated that they are on track to meet full-year consolidated gold production of between 340,000 and 360,000 ounces.

The sentiments follow an impressive start to 2026, with the company providing an updated feasibility study for the South railroad project. It has also completed the Preliminary Economic Assessment (PEA) for the Camino Rojo underground project, secured permits for the open pit expansion, and reported exploration results in Canada. In the quarter, the company produced 81,206 ounces of gold. It also capitalized on the higher gold prices by selling 81,540 ounces.

Musselwhite Operations produced 333,495 tons of ore and processed 332,822 tons at a mill head grade of 6.29 g/t gold. On the other hand, Camino Rojo operations produced over 2.2 million tons of ore and nearly 2 million tons of waste. Orla Mining exited the quarter with $427.3 million in cash and $331.3 million in debt.

Orla Mining Ltd. (NYSEAMERICAN:ORLA) is a Canada-based, mid-tier gold producer focused on acquiring, exploring, developing, and operating mineral properties in North and South America. The company primarily operates the Camino Rojo Oxide Gold Mine in Mexico and the Musselwhite Mine in Canada, focusing on gold and silver extraction.