Orla Mining (NYSEAMERICAN:ORLA - Free Report) had its price target increased by CIBC from $18.50 to $23.00 in a report published on Tuesday,Benzinga reports. CIBC currently has an outperformer rating on the stock.
Separately, Stifel Canada raised Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Orla Mining currently has an average rating of "Buy" and an average target price of $14.50.
View Our Latest Analysis on ORLA
Orla Mining Trading Up 2.1%
ORLA stock traded up $0.24 on Tuesday, reaching $11.63. The company's stock had a trading volume of 521,017 shares, compared to its average volume of 907,829. The business has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $8.37. Orla Mining has a 12-month low of $3.24 and a 12-month high of $12.43. The firm has a market cap of $3.78 billion, a PE ratio of -1,163.50 and a beta of 0.35. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.81.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Salem Investment Counselors Inc. purchased a new position in Orla Mining in the 2nd quarter worth approximately $30,000. Banque Cantonale Vaudoise purchased a new position in Orla Mining in the 1st quarter worth approximately $86,000. Mariner LLC purchased a new position in Orla Mining in the 4th quarter worth approximately $58,000. Scotia Capital Inc. purchased a new position in Orla Mining in the 4th quarter worth approximately $67,000. Finally, Plato Investment Management Ltd purchased a new position in Orla Mining in the 1st quarter worth approximately $138,000. 43.04% of the stock is currently owned by institutional investors.
About Orla Mining
(
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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.
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