Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives Consensus Rating of “Buy” from Analysts

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has earned an average rating of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $27.00.

A number of equities analysts have commented on ORLA shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Orla Mining in a research note on Tuesday. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Monday.

Institutional Trading of Orla Mining

Institutional investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. purchased a new position in shares of Orla Mining in the second quarter worth $30,000. IFP Advisors Inc raised its stake in shares of 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 purchasing an additional 2,616 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Orla Mining by 50.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after acquiring an additional 1,789 shares during the period. Farther Finance Advisors LLC purchased a new stake in Orla Mining in the third quarter valued at $58,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Orla Mining in the 1st quarter valued at about $86,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $10.78 on Thursday. The company has a market cap of $3.51 billion, a P/E ratio of 215.64 and a beta of 0.33. Orla Mining has a 52-week low of $3.81 and a 52-week high of $13.91. The firm’s fifty day moving average is $11.10 and its two-hundred day moving average is $10.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.85.

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.