Orla Mining Ltd. (NYSEAMERICAN:ORLA) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) have earned a consensus rating of "Buy" from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.13.

Several analysts recently weighed in on the stock. Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. TD Cowen began coverage on shares of Orla Mining in a report on Tuesday, February 4th. They issued a "hold" rating on the stock. Finally, TD Securities upgraded shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Mariner LLC purchased a new stake in Orla Mining during the fourth quarter worth approximately $58,000. Scotia Capital Inc. purchased a new stake in Orla Mining during the 4th quarter worth $67,000. Two Sigma Advisers LP purchased a new stake in Orla Mining during the 4th quarter worth $84,000. Banque Cantonale Vaudoise acquired a new stake in Orla Mining in the 1st quarter valued at $86,000. Finally, Walleye Capital LLC raised its position in Orla Mining by 10.2% in the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock valued at $106,000 after purchasing an additional 1,764 shares during the period. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Trading Down 5.1%

Shares of ORLA traded down $0.48 during trading on Friday, reaching $8.85. 1,428,555 shares of the company traded hands, compared to its average volume of 687,503. Orla Mining has a twelve month low of $3.24 and a twelve month high of $11.95. The stock has a market cap of $2.85 billion, a PE ratio of -884.12 and a beta of 0.71. The stock has a 50-day simple moving average of $9.68 and a 200-day simple moving average of $6.63. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.

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.