Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Orla Mining Ltd. has received a consensus recommendation of "Buy" from five rating firms, with an average 12-month price target of $14.50.
• The company's stock is currently priced at $11.35, with a 52-week high of $12.83, and is supported by institutional investors holding 43.04% of the shares.
• Orla Mining is primarily focused on exploring and developing mineral properties, including significant projects in Mexico, Panama, and Nevada.

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) has earned a consensus recommendation of "Buy" from the five ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts 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, July 15th.

Orla Mining Stock Performance

Orla Mining stock opened at $11.35 on Wednesday. The company has a 50 day moving average price of $10.45 and a 200-day moving average price of $9.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.85. Orla Mining has a fifty-two week low of $3.81 and a fifty-two week high of $12.83. The company has a market capitalization of $3.70 billion, a PE ratio of 227.05 and a beta of 0.35.

Hedge Funds Weigh In On Orla Mining

Large investors have recently bought and sold shares of the business. Salem Investment Counselors Inc. bought a new position in Orla Mining in the second quarter worth approximately $30,000. IFP Advisors Inc raised its stake in Orla Mining by 191.6% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the company's stock worth $40,000 after buying an additional 2,616 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Orla Mining by 50.0% in the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company's stock worth $53,000 after buying an additional 1,789 shares in the last quarter. Mariner LLC bought a new position in Orla Mining in the fourth quarter worth approximately $58,000. Finally, Two Sigma Advisers LP bought a new position in Orla Mining in the fourth quarter worth approximately $84,000. Institutional investors own 43.04% of the company's stock.

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.

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