Orla Mining Ltd. (NYSEAMERICAN:ORLA) Receives $27.00 Average Target Price from Brokerages

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $27.00.

ORLA has been the topic of a number of analyst reports. CIBC reiterated an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Orla Mining in a report on Tuesday, October 21st. Finally, Scotiabank reissued an “outperform” rating on shares of Orla Mining in a research report on Thursday, October 23rd.

Orla Mining Stock Performance

NYSEAMERICAN ORLA opened at $13.08 on Friday. The company has a market cap of $4.45 billion, a P/E ratio of 100.62 and a beta of 0.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07. The business’s 50 day moving average price is $11.83 and its 200-day moving average price is $11.11. Orla Mining has a fifty-two week low of $5.25 and a fifty-two week high of $14.36.

Orla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Monday, January 12th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, January 12th.

Hedge Funds Weigh In On Orla Mining

Hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC bought a new stake in shares of Orla Mining during the third quarter worth $27,000. Salem Investment Counselors Inc. purchased a new position in Orla Mining in the 2nd quarter worth about $30,000. IFP Advisors Inc increased its stake in Orla Mining by 191.6% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock worth $40,000 after buying an additional 2,616 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in Orla Mining by 50.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after buying an additional 1,789 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in Orla Mining in the 3rd quarter valued at about $58,000. 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.