Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) traded up 10.3% on Monday . The stock traded as high as $11.71 and last traded at $11.32. 1,072,501 shares were traded during mid-day trading, a decline of 32% from the average session volume of 1,587,727 shares. The stock had previously closed at $10.26.
Wall Street Analysts Forecast Growth
Separately, CIBC reiterated an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Orla Mining has an average rating of "Buy" and an average target price of $14.50.
Read Our Latest Report on Orla Mining
Orla Mining Price Performance
The business has a 50 day moving average of $10.59 and a 200 day moving average of $10.47. The company has a market cap of $3.76 billion, a PE ratio of 230.85 and a beta of 0.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.66.
Hedge Funds Weigh In On Orla Mining
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new position in Orla Mining during the second quarter valued at $30,000. IFP Advisors Inc increased its holdings in shares of Orla Mining by 191.6% during the second quarter. IFP Advisors Inc now owns 3,981 shares of the company's stock valued at $40,000 after acquiring an additional 2,616 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Orla Mining by 50.0% during the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company's stock valued at $53,000 after acquiring an additional 1,789 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Orla Mining during the first quarter valued at $86,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Orla Mining by 82.2% during the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company's stock valued at $102,000 after acquiring an additional 4,584 shares in the last quarter. Hedge funds and other institutional investors own 43.04% of the company's stock.
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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