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 sent to investors on Wednesday morning,Zacks.com reports.

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

Orla Mining Price Performance

ORLA stock opened at $9.30 on Wednesday. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.00 billion, a PE ratio of -929.07 and a beta of 0.71. The stock’s 50-day moving average price is $6.77. Orla Mining has a fifty-two week low of $3.24 and a fifty-two week high of $9.62.

Hedge Funds Weigh In On Orla Mining

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Orla Mining by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 116,293 shares of the company’s stock worth $650,000 after purchasing an additional 1,665 shares during the period. Walleye Capital LLC increased its stake in shares of Orla Mining by 10.2% during the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company’s stock worth $106,000 after purchasing an additional 1,764 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Orla Mining by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock worth $2,500,000 after purchasing an additional 2,000 shares during the period. Gotham Asset Management LLC grew its position in Orla Mining by 11.8% during the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company’s stock worth $107,000 after buying an additional 2,048 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in Orla Mining by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock worth $2,174,000 after buying an additional 7,667 shares in the last quarter. 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.