Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) gapped up before the market opened 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 traded.
Wall Street Analysts Forecast Growth
Separately, Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Two investment 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, Orla Mining currently has an average rating of "Buy" and an average price target of $6.00.
Read Our Latest Stock Analysis on ORLA
Orla Mining Trading Down 0.8%
The stock's fifty day moving average price is $10.51 and its 200 day moving average price is $7.35. The stock has a market cap of $3.52 billion, a P/E ratio of -1,091.91 and a beta of 0.71. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in Orla Mining by 17.3% during the fourth quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after acquiring an additional 3,553,481 shares during the period. Hillsdale Investment Management Inc. bought a new stake in Orla Mining during the 4th quarter valued at approximately $11,944,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Orla Mining by 119.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,843,000 shares of the company's stock worth $35,898,000 after purchasing an additional 2,094,800 shares in the last quarter. Amundi boosted its stake in Orla Mining by 49.9% in the 1st quarter. Amundi now owns 3,711,381 shares of the company's stock worth $35,147,000 after purchasing an additional 1,235,692 shares during the period. Finally, CWA Asset Management Group LLC grew its holdings in Orla Mining by 63.3% during the 1st quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock valued at $27,284,000 after buying an additional 1,131,625 shares in the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.
Orla Mining Company Profile
(
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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