Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.43 and last traded at $12.20, with a volume of 1573956 shares. The stock had previously closed at $11.48.
Analyst Upgrades and Downgrades
Separately, CIBC reissued an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $14.50.
Read Our Latest Stock Analysis on Orla Mining
Orla Mining Trading Up 1.1%
The company's fifty day moving average is $10.73 and its two-hundred day moving average is $8.64. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of -1,018.50 and a beta of 0.35. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92.
Hedge Funds Weigh In On Orla Mining
Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in Orla Mining by 4.6% in the first quarter. Russell Investments Group Ltd. now owns 24,735 shares of the company's stock valued at $231,000 after acquiring an additional 1,093 shares during the period. Baldwin Wealth Partners LLC MA raised its stake in shares of Orla Mining by 11.4% during the 1st quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company's stock worth $146,000 after buying an additional 1,600 shares during the last quarter. XML Financial LLC raised its stake in shares of Orla Mining by 7.2% during the 2nd quarter. XML Financial LLC now owns 24,550 shares of the company's stock worth $246,000 after buying an additional 1,650 shares during the last quarter. Geode Capital Management LLC increased its position in Orla Mining by 1.5% during the 4th 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 in the last quarter. Finally, Walleye Capital LLC increased its position in Orla Mining by 10.2% during the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after purchasing an additional 1,764 shares in the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.
About Orla Mining
(
Get Free Report)
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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