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

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been given an average rating of “Buy” by the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.13.

ORLA has been the subject of several research reports. TD Securities raised Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, TD Cowen initiated coverage on shares of Orla Mining in a research note on Tuesday, February 4th. They issued a “hold” rating on the stock.

Orla Mining Price Performance

NYSEAMERICAN ORLA opened at $9.31 on Friday. The stock has a fifty day moving average of $7.11. Orla Mining has a 52-week low of $3.24 and a 52-week high of $9.62. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -930.07 and a beta of 0.71.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Mariner LLC acquired a new stake in Orla Mining in the 4th quarter valued at about $58,000. Kitching Partners LLC acquired a new stake in shares of Orla Mining in the third quarter valued at approximately $48,000. Scotia Capital Inc. bought a new position in Orla Mining in the 4th quarter worth approximately $67,000. Two Sigma Advisers LP acquired a new position in Orla Mining during the 4th quarter worth $84,000. Finally, Walleye Capital LLC bought a new position in Orla Mining in the 3rd quarter valued at $69,000. Institutional investors own 43.04% of the company’s stock.

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.