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
(
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.
Recommended Stories
Before you consider Orla Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orla Mining wasn't on the list.
While Orla Mining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
