Analysts Set Orla Mining Ltd. (NYSEAMERICAN:ORLA) Price Target at $6.13

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) has been given an average recommendation of "Buy" by the four brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.00.

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

Institutional Investors Weigh In On Orla Mining

Institutional investors and hedge funds have recently modified their holdings of the company. OMERS ADMINISTRATION Corp bought a new position in Orla Mining in the first quarter valued at about $201,000. Gamco Investors INC. ET AL acquired a new stake in Orla Mining in the 1st quarter valued at $202,000. Gabelli Funds LLC raised its stake in shares of Orla Mining by 100.0% in the first quarter. Gabelli Funds LLC now owns 500,000 shares of the company's stock worth $4,675,000 after purchasing an additional 250,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Orla Mining by 26.5% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,979 shares of the company's stock valued at $1,102,000 after purchasing an additional 24,695 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. grew its stake in Orla Mining by 14.5% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 95,460 shares of the company's stock valued at $892,000 after purchasing an additional 12,107 shares during the period. 43.04% of the stock is owned by institutional investors.

Orla Mining Price Performance

ORLA stock traded up $0.22 during mid-day trading on Friday, reaching $9.02. 512,257 shares of the company's stock were exchanged, compared to its average volume of 691,995. Orla Mining has a 12-month low of $3.24 and a 12-month high of $11.95. The stock's 50 day moving average is $9.76 and its 200 day moving average is $6.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -897.70 and a beta of 0.71.

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.