Orla Mining (NYSEAMERICAN:ORLA) Trading Up 7% - Time to Buy?

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report)'s share price rose 7% on Monday . The company traded as high as $11.32 and last traded at $11.31. Approximately 546,394 shares traded hands during trading, a decline of 23% from the average daily volume of 711,813 shares. The stock had previously closed at $10.57.

Analyst Ratings Changes

ORLA has been the subject of a number of recent analyst reports. Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. TD Securities upgraded shares of Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Finally, TD Cowen initiated coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They set a "hold" rating for the company. Two research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $6.00.

Orla Mining Stock Performance

The firm has a market capitalization of $3.69 billion, a P/E ratio of -1,142.86 and a beta of 0.71. The company's 50 day moving average is $10.20 and its 200-day moving average is $7.03. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in Orla Mining by 4.6% during the first quarter. Russell Investments Group Ltd. now owns 24,735 shares of the company's stock worth $231,000 after purchasing an additional 1,093 shares during the last quarter. Baldwin Wealth Partners LLC MA boosted its holdings in Orla Mining by 11.4% during the first quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company's stock worth $146,000 after purchasing an additional 1,600 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Orla Mining by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 116,293 shares of the company's stock worth $650,000 after purchasing an additional 1,665 shares during the last quarter. Walleye Capital LLC boosted its holdings in 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 purchasing an additional 1,764 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Orla Mining by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company's stock worth $2,500,000 after purchasing an additional 2,000 shares during the last quarter. 43.04% of the stock is owned by institutional investors.

Orla Mining Company Profile

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.