Orla Mining Ltd. (NYSEAMERICAN:ORLA) Given Average Rating of “Buy” by Brokerages

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $27.00.

Separately, Zacks Research downgraded Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th.

Institutional Investors Weigh In On Orla Mining

Several hedge funds have recently bought and sold shares of ORLA. Engineers Gate Manager LP acquired a new stake in Orla Mining during the 2nd quarter worth approximately $574,000. Cypress Capital Management LLC WY grew its stake in shares of Orla Mining by 10,902.9% in the second quarter. Cypress Capital Management LLC WY now owns 113,880 shares of the company’s stock valued at $1,115,000 after acquiring an additional 112,845 shares in the last quarter. Amundi acquired a new position in shares of Orla Mining in the second quarter valued at about $36,005,000. First Eagle Investment Management LLC bought a new position in Orla Mining during the second quarter worth about $46,581,000. Finally, HB Wealth Management LLC bought a new position in Orla Mining during the second quarter worth about $181,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Price Performance

NYSEAMERICAN ORLA opened at $9.44 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 13.88 and a beta of 0.28. The business has a 50 day simple moving average of $9.36 and a 200 day simple moving average of $12.24. Orla Mining has a 52-week low of $8.43 and a 52-week high of $21.98.

About Orla Mining

Orla Mining Ltd. is a Canadian precious metals mining company focused on the acquisition, development and operation of gold properties in the Americas. The company is headquartered in Vancouver, British Columbia, and its activities are centered on advancing and operating projects in Mexico, the United States and Panama.

Orla’s principal operating asset is the Camino Rojo Oxide Gold Mine in Zacatecas, Mexico, an open-pit, heap-leach operation that produces gold doré, with silver recovered as a byproduct.