Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives $6.13 Consensus PT from Analysts

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has been assigned a consensus recommendation of “Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.13.

A number of analysts have commented on ORLA shares. Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, TD Cowen began coverage on Orla Mining in a report on Tuesday, February 4th. They issued a “hold” rating for the company.

Institutional Trading of Orla Mining

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in Orla Mining by 17.3% during the 4th quarter. FMR LLC now owns 24,065,292 shares of the company’s stock worth $133,264,000 after purchasing an additional 3,553,481 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Orla Mining during the fourth quarter worth about $11,944,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Orla Mining during the fourth quarter worth about $9,668,000. The Manufacturers Life Insurance Company raised its position in Orla Mining by 197.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company’s stock valued at $4,882,000 after buying an additional 584,257 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in Orla Mining in the 4th quarter valued at approximately $3,186,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA opened at $9.31 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The firm has a market cap of $3.00 billion, a PE ratio of -930.07 and a beta of 0.71. The business’s 50 day simple moving average is $7.11. Orla Mining has a one year low of $3.24 and a one year high of $9.62.

About Orla Mining

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.