Orla Mining (NYSEAMERICAN:ORLA) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Orla Mining (NYSEAMERICAN:ORLA) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

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

Orla Mining Trading Down 4.9 %

Shares of NYSEAMERICAN ORLA opened at $8.84 on Wednesday. The firm’s 50-day moving average is $6.84. Orla Mining has a 1-year low of $3.24 and a 1-year high of $9.62. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -883.12 and a beta of 0.71. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Orla Mining

Several large investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Orla Mining by 17.3% during the 4th quarter. FMR LLC now owns 24,065,292 shares of the company’s stock worth $133,264,000 after acquiring an additional 3,553,481 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Orla Mining by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 7,578,812 shares of the company’s stock worth $41,914,000 after acquiring an additional 31,700 shares during the last quarter. Amundi lifted its holdings in shares of Orla Mining by 6.7% during the 4th quarter. Amundi now owns 2,475,689 shares of the company’s stock worth $14,483,000 after acquiring an additional 155,200 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Orla Mining during the 4th quarter worth $11,944,000. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Orla Mining by 20.6% during the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock worth $9,897,000 after acquiring an additional 304,748 shares during the last quarter. Hedge funds and other 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.