Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $10.88, but opened at $11.10. Orla Mining shares last traded at $10.98, with a volume of 65,758 shares changing hands.
Analyst Ratings Changes
Separately, Stifel Canada upgraded 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 and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $6.00.
Check Out Our Latest Analysis on Orla Mining
Orla Mining Stock Up 1.3%
The firm has a fifty day moving average of $10.46 and a 200 day moving average of $7.28. The stock has a market cap of $3.55 billion, a PE ratio of -1,100.90 and a beta of 0.71. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.
Hedge Funds Weigh In On Orla Mining
Several hedge funds have recently made changes to their positions in ORLA. Mariner LLC purchased a new position in shares of Orla Mining during the fourth quarter worth about $58,000. Scotia Capital Inc. purchased a new position in shares of Orla Mining during the fourth quarter worth about $67,000. Two Sigma Advisers LP purchased a new position in shares of Orla Mining during the fourth quarter worth about $84,000. Banque Cantonale Vaudoise purchased a new position in shares of Orla Mining during the first quarter worth about $86,000. Finally, Walleye Capital LLC grew its holdings in shares of Orla Mining by 10.2% during the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after buying an additional 1,764 shares during the last quarter. Hedge funds and other institutional investors own 43.04% of the company's stock.
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.
Featured Articles
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
