Brokerages Set Orla Mining Ltd. (NYSEAMERICAN:ORLA) PT at $27.00

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $27.00.

A number of equities analysts have recently commented on the stock. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Orla Mining in a research report on Tuesday, October 21st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Orla Mining in a report on Thursday, October 23rd.

Orla Mining Stock Up 1.2%

Shares of ORLA stock opened at $12.68 on Monday. The stock has a market cap of $4.31 billion, a P/E ratio of 97.55 and a beta of 0.33. Orla Mining has a one year low of $4.29 and a one year high of $13.91. The stock has a fifty day moving average price of $11.15 and a 200 day moving average price of $10.76. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 0.88.

Institutional Trading of Orla Mining

A number of large investors have recently bought and sold shares of the stock. TD Asset Management Inc lifted its holdings in shares of Orla Mining by 15.7% during the first quarter. TD Asset Management Inc now owns 2,780,946 shares of the company’s stock valued at $25,969,000 after acquiring an additional 378,015 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Orla Mining during the 1st quarter worth about $86,000. Baader Bank Aktiengesellschaft bought a new position in Orla Mining during the 1st quarter valued at about $380,000. Deutsche Bank AG lifted its holdings in Orla Mining by 14.0% during the 1st quarter. Deutsche Bank AG now owns 29,021 shares of the company’s stock valued at $271,000 after purchasing an additional 3,575 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in Orla Mining by 8.9% in the first quarter. National Bank of Canada FI now owns 472,192 shares of the company’s stock valued at $4,386,000 after buying an additional 38,466 shares in the last quarter. 43.04% of the stock is currently 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.