Orla Mining Ltd. (NYSEAMERICAN:ORLA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $27.00.

A number of research analysts recently issued reports on the stock. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a research report on Thursday, October 23rd. CIBC reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, October 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Orla Mining in a research report on Tuesday, October 21st.

Orla Mining Price Performance

Shares of ORLA opened at $12.14 on Monday. Orla Mining has a 52-week low of $3.84 and a 52-week high of $13.91. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07. The business’s 50 day moving average price is $11.08 and its two-hundred day moving average price is $10.72. The firm has a market cap of $4.13 billion, a PE ratio of 93.39 and a beta of 0.33.

Institutional Investors Weigh In On Orla Mining

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Orla Mining by 1,628.2% during the third quarter. Vanguard Group Inc. now owns 3,254,056 shares of the company’s stock worth $35,095,000 after purchasing an additional 3,065,761 shares during the period. Jupiter Asset Management Ltd. increased its stake in Orla Mining by 25,866.2% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,791,369 shares of the company’s stock valued at $30,112,000 after purchasing an additional 2,780,619 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Orla Mining by 41.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company’s stock valued at $78,194,000 after purchasing an additional 2,111,765 shares in the last quarter. Mudita Advisors LLP acquired a new position in Orla Mining during the third quarter worth $15,119,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Orla Mining in the third quarter valued at $14,088,000. Institutional investors and hedge funds 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.