Orla Mining (NYSEAMERICAN:ORLA) Upgraded by Stifel Canada to “Strong-Buy” Rating

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

A number of other research analysts also recently weighed in on the stock. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Scotiabank raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, TD Cowen initiated coverage on shares of Orla Mining in a research note on Tuesday, February 4th. They issued a “hold” rating for the company. 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $6.13.

Orla Mining Trading Down 4.9 %

Shares of NYSEAMERICAN:ORLA opened at $8.84 on Wednesday. Orla Mining has a 12 month low of $3.24 and a 12 month high of $9.62. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $6.84. The company has a market capitalization of $2.85 billion, a P/E ratio of -883.12 and a beta of 0.71.

Institutional Trading of Orla Mining

Several institutional investors and hedge funds have recently bought and sold shares of ORLA. FMR LLC lifted its stake in shares of Orla Mining by 17.3% in the 4th quarter. FMR LLC now owns 24,065,292 shares of the company’s stock valued at $133,264,000 after purchasing an additional 3,553,481 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Orla Mining in the 4th quarter valued at $11,944,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Orla Mining during the fourth quarter worth $9,668,000. The Manufacturers Life Insurance Company raised its position in Orla Mining by 197.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company’s stock worth $4,882,000 after acquiring an additional 584,257 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in Orla Mining during the fourth quarter worth $3,186,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

About Orla Mining

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.