Orla Mining (NYSEAMERICAN:ORLA) Rating Increased to Strong-Buy at Stifel Canada

Orla Mining (NYSEAMERICAN:ORLA) was upgraded by investment analysts at Stifel Canada to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on ORLA. TD Cowen started coverage on Orla Mining in a research note on Tuesday, February 4th. They issued a “hold” rating for the company. TD Securities raised Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Finally, Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Orla Mining presently has a consensus rating of “Buy” and a consensus price target of $6.13.

Orla Mining Trading Up 3.7 %

ORLA opened at $9.30 on Wednesday. The business has a 50-day moving average price of $6.77. Orla Mining has a 12-month low of $3.24 and a 12-month high of $9.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The stock has a market cap of $3.00 billion, a PE ratio of -929.07 and a beta of 0.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp raised its position in Orla Mining by 17.2% during the 4th quarter. Mackenzie Financial Corp now owns 145,765 shares of the company’s stock valued at $806,000 after purchasing an additional 21,353 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of Orla Mining in the 4th quarter worth approximately $84,000. Two Sigma Investments LP raised its position in shares of Orla Mining by 453.8% in the 4th quarter. Two Sigma Investments LP now owns 360,170 shares of the company’s stock worth $1,995,000 after acquiring an additional 295,133 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Orla Mining by 167.4% in the 4th quarter. Toronto Dominion Bank now owns 45,906 shares of the company’s stock worth $254,000 after acquiring an additional 28,741 shares in the last quarter. Finally, Gotham Asset Management LLC raised its position in shares of Orla Mining by 11.8% in the 4th quarter. Gotham Asset Management LLC now owns 19,393 shares of the company’s stock worth $107,000 after acquiring an additional 2,048 shares in the last quarter. 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.