Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Orla Mining Ltd. has received an average rating of "Buy" from five analysts, with a target price of $14.50 over the next twelve months.
• Significant institutional investments have been made, with firms like Connor Clark & Lunn and Amundi increasing their holdings by 33.7% and 49.9%, respectively.
• The company's stock has a current price of $10.81 and has experienced a 2.8% increase recently, with a market cap of $3.52 billion.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) has been assigned an average rating of "Buy" from the five analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.50.

Separately, CIBC restated an "outperform" rating on shares of Orla Mining in a research note on Tuesday, July 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Orla Mining by 33.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company's stock worth $51,667,000 after purchasing an additional 1,296,774 shares in the last quarter. Amundi lifted its stake in shares of Orla Mining by 49.9% in the first quarter. Amundi now owns 3,711,381 shares of the company's stock worth $35,147,000 after acquiring an additional 1,235,692 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Orla Mining by 63.3% in the first quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock worth $27,284,000 after acquiring an additional 1,131,625 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Orla Mining by 15.7% in the first quarter. TD Asset Management Inc now owns 2,780,946 shares of the company's stock worth $25,969,000 after acquiring an additional 378,015 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its stake in shares of Orla Mining by 2.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,397,753 shares of the company's stock worth $12,951,000 after acquiring an additional 30,722 shares in the last quarter. Institutional investors and hedge funds own 43.04% of the company's stock.

Orla Mining Trading Up 2.8%

Shares of ORLA opened at $10.81 on Friday. The stock's 50-day moving average is $10.68 and its two-hundred day moving average is $10.40. The stock has a market cap of $3.52 billion, a PE ratio of 216.24 and a beta of 0.35. Orla Mining has a 12 month low of $3.81 and a 12 month high of $12.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.66.

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.

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