CIBC Issues Positive Forecast for Orla Mining (NYSEAMERICAN:ORLA) Stock Price

Orla Mining (NYSEAMERICAN:ORLA) had its price target raised by CIBC from $25.00 to $27.00 in a research note published on Monday morning,Benzinga reports. CIBC currently has an outperformer rating on the stock.

Orla Mining Stock Up 2.0%

Shares of NYSEAMERICAN ORLA opened at $12.39 on Monday. The business has a 50-day moving average price of $11.05 and a 200 day moving average price of $10.69. The stock has a market cap of $4.04 billion, a PE ratio of 247.85 and a beta of 0.33. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. Orla Mining has a 52-week low of $3.81 and a 52-week high of $13.91.

Institutional Trading of Orla Mining

A number of large investors have recently bought and sold shares of ORLA. Russell Investments Group Ltd. raised its stake in shares of Orla Mining by 4.6% during the 1st quarter. Russell Investments Group Ltd. now owns 24,735 shares of the company’s stock worth $231,000 after buying an additional 1,093 shares in the last quarter. XML Financial LLC boosted its stake in shares of Orla Mining by 7.2% in the second quarter. XML Financial LLC now owns 24,550 shares of the company’s stock valued at $246,000 after buying an additional 1,650 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Orla Mining by 50.0% during the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock worth $53,000 after acquiring an additional 1,789 shares during the period. IFP Advisors Inc raised its position in Orla Mining by 191.6% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock worth $40,000 after acquiring an additional 2,616 shares in the last quarter. Finally, Salem Investment Counselors Inc. acquired a new stake in Orla Mining in the second quarter valued at $30,000. 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.