CIBC Boosts Orla Mining (NYSEAMERICAN:ORLA) Price Target to $27.00

Orla Mining (NYSEAMERICAN:ORLA) had its target price boosted by equities researchers at CIBC from $25.00 to $27.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperformer” rating on the stock. CIBC’s price target suggests a potential upside of 150.00% from the stock’s previous close.

Orla Mining Price Performance

ORLA stock opened at $10.80 on Monday. The stock has a 50-day moving average price of $11.07 and a two-hundred day moving average price of $10.69. The stock has a market cap of $3.52 billion, a PE ratio of 216.04 and a beta of 0.33. The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. Orla Mining has a 1 year low of $3.81 and a 1 year high of $13.91.

Hedge Funds Weigh In On Orla Mining

A number of large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Orla Mining by 33.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company’s stock worth $51,667,000 after buying an additional 1,296,774 shares during the last quarter. Amundi boosted its stake in shares of Orla Mining by 49.9% during the 1st quarter. Amundi now owns 3,711,381 shares of the company’s stock worth $35,147,000 after buying an additional 1,235,692 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Orla Mining by 15.7% during the 1st quarter. TD Asset Management Inc now owns 2,780,946 shares of the company’s stock worth $25,969,000 after buying an additional 378,015 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its stake in shares of Orla Mining by 2.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,397,753 shares of the company’s stock worth $12,951,000 after buying an additional 30,722 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Orla Mining by 3.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,282,472 shares of the company’s stock worth $12,867,000 after buying an additional 39,017 shares during the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Company Profile

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.