Orla Mining Ltd. (NYSEAMERICAN:ORLA) Given Consensus Recommendation of “Buy” by Brokerages

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has been given an average rating of “Buy” by the five brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.13.

A number of analysts have recently commented on the company. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Stifel Canada raised Orla Mining to a “strong-buy” rating in a research report on Wednesday. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, TD Cowen began coverage on shares of Orla Mining in a report on Tuesday, February 4th. They issued a “hold” rating on the stock.

Orla Mining Stock Up 3.7 %

ORLA stock opened at $9.30 on Friday. The stock’s 50 day simple moving average is $6.77. Orla Mining has a fifty-two week low of $3.24 and a fifty-two week high of $9.62. 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 stock has a market capitalization of $3.00 billion, a PE ratio of -929.07 and a beta of 0.71.

Hedge Funds Weigh In On Orla Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kitching Partners LLC acquired a new position in Orla Mining during the third quarter worth about $48,000. Mariner LLC acquired a new position in Orla Mining during the fourth quarter worth $58,000. Scotia Capital Inc. acquired a new position in Orla Mining during the fourth quarter worth $67,000. Walleye Capital LLC purchased a new position in shares of Orla Mining in the third quarter valued at $69,000. Finally, DF Dent & Co. Inc. purchased a new position in shares of Orla Mining in the third quarter valued at $80,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

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.