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

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have received a consensus rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.13.

ORLA has been the topic of several research analyst reports. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a report on Wednesday. Finally, TD Cowen initiated coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its position in shares of 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 during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Orla Mining in the 4th quarter valued at approximately $11,944,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Orla Mining during the 4th quarter worth approximately $9,668,000. The Manufacturers Life Insurance Company grew its stake in shares of Orla Mining by 197.3% in the fourth 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 in the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of Orla Mining in the 4th quarter valued at $3,186,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Stock Performance

ORLA stock opened at $9.30 on Friday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -929.07 and a beta of 0.71. Orla Mining has a one year low of $3.24 and a one year high of $9.62. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $6.77.

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.