Analysts Set Orla Mining Ltd. (NYSEAMERICAN:ORLA) Target Price at $6.13

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) have received an average rating of "Buy" from the five analysts that are covering the company, Marketbeat 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 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.13.

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

Orla Mining Stock Down 1.1 %

Shares of NYSEAMERICAN:ORLA traded down $0.13 during midday trading on Tuesday, hitting $11.27. 935,091 shares of the stock were exchanged, compared to its average volume of 618,253. 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 has a 52-week low of $3.24 and a 52-week high of $11.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The business's fifty day simple moving average is $8.37 and its two-hundred day simple moving average is $6.10.

Institutional Trading of Orla Mining

Several hedge funds have recently modified their holdings of ORLA. FMR LLC lifted its holdings in Orla Mining by 17.3% in the fourth quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after buying an additional 3,553,481 shares during the period. Franklin Resources Inc. lifted its stake in shares of Orla Mining by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 7,578,812 shares of the company's stock valued at $41,914,000 after purchasing an additional 31,700 shares during the period. Amundi boosted its position in shares of Orla Mining by 6.7% in the 4th quarter. Amundi now owns 2,475,689 shares of the company's stock worth $14,483,000 after purchasing an additional 155,200 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Orla Mining during the fourth quarter worth $11,944,000. Finally, CWA Asset Management Group LLC grew its stake in shares of Orla Mining by 20.6% during the fourth quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company's stock worth $9,897,000 after purchasing an additional 304,748 shares during the period. 43.04% of the stock is 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.