Analysts Set Orla Mining Ltd. (NYSEAMERICAN:ORLA) Target Price at $14.50

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) have earned an average rating of "Buy" from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.50.

Separately, CIBC reaffirmed an "outperform" rating on shares of Orla Mining in a research note on Tuesday.

Institutional Trading of Orla Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Orla Mining during the 4th quarter valued at about $173,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Orla Mining in the fourth quarter valued at about $292,000. Northwest & Ethical Investments L.P. purchased a new stake in Orla Mining during the 4th quarter valued at approximately $461,000. Quantbot Technologies LP purchased a new position in shares of Orla Mining in the fourth quarter worth $206,000. Finally, American Century Companies Inc. lifted its holdings in shares of Orla Mining by 4.4% in the fourth quarter. American Century Companies Inc. now owns 431,660 shares of the company's stock worth $2,390,000 after buying an additional 18,374 shares in the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Stock Performance

NYSEAMERICAN ORLA traded up $0.20 during trading hours on Tuesday, reaching $11.59. 548,954 shares of the company were exchanged, compared to its average volume of 907,972. Orla Mining has a 1 year low of $3.24 and a 1 year high of $12.43. The business's 50 day simple moving average is $10.51 and its 200-day simple moving average is $8.37. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3.77 billion, a P/E ratio of -1,159.40 and a beta of 0.35.

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.