Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $10.03, but opened at $10.31. Orla Mining shares last traded at $10.29, with a volume of 163,277 shares traded.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on ORLA. TD Cowen started coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They issued a "hold" rating for the company. Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, TD Securities raised Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $6.00.
Get Our Latest Stock Analysis on Orla Mining
Orla Mining Stock Performance
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 stock has a 50 day simple moving average of $9.98 and a two-hundred day simple moving average of $6.84. The stock has a market capitalization of $3.29 billion, a P/E ratio of -1,020.98 and a beta of 0.71.
Institutional Trading of Orla Mining
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Orla Mining during the first quarter worth $86,000. Mariner LLC bought a new stake in Orla Mining during the fourth quarter worth $58,000. Scotia Capital Inc. bought a new stake in Orla Mining during the fourth quarter worth $67,000. Plato Investment Management Ltd bought a new stake in Orla Mining during the first quarter worth $138,000. Finally, Two Sigma Advisers LP bought a new position in shares of Orla Mining in the fourth quarter valued at about $84,000. 43.04% of the stock is 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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