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

Orla Mining Ltd. (NYSEAMERICAN:ORLA) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $27.00.

Several analysts recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Thursday, October 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Orla Mining in a report on Tuesday, October 21st. Finally, CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th.

Orla Mining Stock Up 0.9%

Shares of NYSEAMERICAN:ORLA opened at $13.55 on Friday. The company has a 50 day moving average price of $11.91 and a two-hundred day moving average price of $11.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07. The company has a market capitalization of $4.61 billion, a PE ratio of 104.24 and a beta of 0.30. Orla Mining has a 52 week low of $5.25 and a 52 week high of $14.36.

Orla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Monday, January 12th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Monday, January 12th. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%.

Institutional Investors Weigh In On Orla Mining

Several large investors have recently made changes to their positions in ORLA. CIBC Private Wealth Group LLC bought a new stake in Orla Mining in the 3rd quarter valued at $27,000. Salem Investment Counselors Inc. acquired a new stake in shares of Orla Mining in the 2nd quarter valued at about $30,000. IFP Advisors Inc lifted its holdings in shares of Orla Mining by 191.6% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock valued at $40,000 after purchasing an additional 2,616 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Orla Mining by 50.0% in the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after purchasing an additional 1,789 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Orla Mining during the third quarter worth about $58,000. Institutional investors own 43.04% of the company’s stock.

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.