Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) traded up 5.1% on Friday . The stock traded as high as $11.17 and last traded at $11.25. 448,883 shares changed hands during trading, a decline of 50% from the average session volume of 891,007 shares. The stock had previously closed at $10.70.
Analyst Upgrades and Downgrades
Separately, Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Two equities research 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, the stock presently has an average rating of "Buy" and an average target price of $6.00.
View Our Latest Stock Report on Orla Mining
Orla Mining Trading Up 5.7%
The business has a 50-day moving average of $10.46 and a two-hundred day moving average of $8.10. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of -1,129.10 and a beta of 0.35.
Institutional Trading of Orla Mining
Several institutional investors have recently bought and sold shares of ORLA. Salem Investment Counselors Inc. bought a new position in Orla Mining in the 2nd quarter valued at $30,000. Mariner LLC acquired a new position in Orla Mining during the 4th quarter worth about $58,000. Scotia Capital Inc. bought a new stake in Orla Mining during the 4th quarter worth about $67,000. Two Sigma Advisers LP acquired a new stake in Orla Mining in the 4th quarter valued at about $84,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Orla Mining in the first quarter valued at approximately $86,000. Institutional investors and hedge funds 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.
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