Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives $6.13 Average PT from Analysts

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been given an average rating of “Buy” by the five analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $6.13.

Several equities research analysts recently issued reports on the stock. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen began coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating for the company. Finally, Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th.

Institutional Investors Weigh In On Orla Mining

A number of institutional investors have recently made changes to their positions in the stock. Ritholtz Wealth Management purchased a new stake in shares of Orla Mining in the 1st quarter valued at $164,000. Baldwin Wealth Partners LLC MA grew its position in Orla Mining by 11.4% in the 1st quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company’s stock valued at $146,000 after acquiring an additional 1,600 shares in the last quarter. Mackenzie Financial Corp increased its stake in Orla Mining by 17.2% during the fourth quarter. Mackenzie Financial Corp now owns 145,765 shares of the company’s stock worth $806,000 after purchasing an additional 21,353 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Orla Mining during the fourth quarter worth about $84,000. Finally, Two Sigma Investments LP lifted its position in shares of Orla Mining by 453.8% during the fourth quarter. Two Sigma Investments LP now owns 360,170 shares of the company’s stock worth $1,995,000 after purchasing an additional 295,133 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Down 1.1 %

Shares of ORLA opened at $11.27 on Tuesday. Orla Mining has a 52-week low of $3.24 and a 52-week high of $11.71. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $8.37 and a two-hundred day simple moving average of $6.10. The company has a market capitalization of $3.63 billion, a PE ratio of -1,125.87 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.