Orla Mining (NYSEAMERICAN:ORLA) Upgraded by Stifel Canada to “Strong-Buy” Rating

Orla Mining (NYSEAMERICAN:ORLA) was upgraded by equities research analysts at Stifel Canada to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts also recently commented on ORLA. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen assumed coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Orla Mining has a consensus rating of “Buy” and an average price target of $6.13.

Orla Mining Price Performance

NYSEAMERICAN ORLA opened at $9.30 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The stock has a 50 day simple moving average of $6.77. Orla Mining has a 12 month low of $3.24 and a 12 month high of $9.62. The company has a market cap of $3.00 billion, a P/E ratio of -929.07 and a beta of 0.71.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mariner LLC purchased a new position in Orla Mining during the fourth quarter valued at approximately $58,000. Kitching Partners LLC purchased a new position in Orla Mining during the third quarter valued at approximately $48,000. Scotia Capital Inc. purchased a new position in Orla Mining during the fourth quarter valued at approximately $67,000. Two Sigma Advisers LP purchased a new position in Orla Mining during the fourth quarter valued at approximately $84,000. Finally, Walleye Capital LLC purchased a new position in Orla Mining during the third quarter valued at approximately $69,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

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.