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 changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. TD Securities raised shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, TD Cowen assumed coverage on Orla Mining in a research report on Tuesday, February 4th. They set a "hold" rating for the company. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $6.00.
Read Our Latest Stock Analysis on Orla Mining
Orla Mining Stock Up 2.0%
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 company has a market capitalization of $3.36 billion, a PE ratio of -1,040.96 and a beta of 0.71. The business's 50 day simple moving average is $10.00 and its 200 day simple moving average is $6.88.
Institutional Trading of Orla Mining
A number of hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise purchased a new stake in shares of Orla Mining in the first quarter worth approximately $86,000. Mariner LLC purchased a new stake in Orla Mining in the 4th quarter worth approximately $58,000. Scotia Capital Inc. purchased a new stake in shares of Orla Mining during the fourth quarter worth $67,000. Plato Investment Management Ltd acquired a new stake in Orla Mining during the first quarter valued at $138,000. Finally, Two Sigma Advisers LP acquired a new stake in Orla Mining during the fourth quarter valued at $84,000. Hedge funds and other institutional investors own 43.04% of the company's stock.
Orla Mining Company Profile
(
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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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