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

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

Several equities analysts have weighed in on ORLA shares. Stifel Canada raised Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. CIBC reissued an "outperform" rating on shares of Orla Mining in a research note on Tuesday.

Orla Mining Trading Down 0.1%

NYSEAMERICAN:ORLA traded down $0.01 during mid-day trading on Tuesday, hitting $11.77. The company had a trading volume of 1,334,430 shares, compared to its average volume of 907,003. Orla Mining has a fifty-two week low of $3.24 and a fifty-two week high of $12.43. The business's fifty day moving average is $10.49 and its two-hundred day moving average is $8.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.81. The firm has a market cap of $3.83 billion, a P/E ratio of -1,177.00 and a beta of 0.35.

Institutional Investors Weigh In On Orla Mining

Large investors have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new stake in shares of Orla Mining in the second quarter worth about $30,000. Mariner LLC bought a new stake in shares of Orla Mining in the fourth quarter worth about $58,000. Scotia Capital Inc. bought a new stake in shares of Orla Mining in the fourth quarter worth about $67,000. Two Sigma Advisers LP bought a new position in shares of Orla Mining during the fourth quarter worth about $84,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Orla Mining during the first quarter worth about $86,000. 43.04% of the stock is currently owned by institutional investors.

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.