Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives Consensus Rating of “Buy” from Analysts

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has been assigned an average rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered 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 Down 0.2%

ORLA stock opened at $10.26 on Friday. The company has a market cap of $3.34 billion, a PE ratio of 205.24 and a beta of 0.33. The business has a 50-day simple moving average of $10.59 and a 200 day simple moving average of $10.46. Orla Mining has a 52 week low of $3.81 and a 52 week high of $12.91. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its holdings in shares of Orla Mining by 82.2% in the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after acquiring an additional 4,584 shares during the last quarter. State of Wyoming bought a new position in shares of Orla Mining in the second quarter worth about $109,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Orla Mining by 14.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 79,264 shares of the company’s stock worth $782,000 after acquiring an additional 9,933 shares during the last quarter. Man Group plc bought a new position in shares of Orla Mining in the second quarter worth about $2,509,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of Orla Mining by 27.8% in the second quarter. Engineers Gate Manager LP now owns 46,557 shares of the company’s stock worth $467,000 after acquiring an additional 10,123 shares during the last quarter. Institutional investors own 43.04% of the company’s stock.

About Orla Mining

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.