Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) shares were down 6.8% during mid-day trading on Tuesday . The stock traded as low as $10.19 and last traded at $9.91. Approximately 86,274 shares traded hands during trading, a decline of 90% from the average daily volume of 879,879 shares. The stock had previously closed at $10.64.
Analyst Upgrades and Downgrades
Separately, Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Two 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 company presently has a consensus rating of "Buy" and an average price target of $6.00.
Get Our Latest Stock Analysis on ORLA
Orla Mining Trading Down 1.1%
The firm has a market cap of $3.43 billion, a PE ratio of -1,056.10 and a beta of 0.35. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average price of $10.45 and a 200 day moving average price of $8.07.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of ORLA. FMR LLC grew its stake in shares of Orla Mining by 17.3% in the 4th quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after purchasing an additional 3,553,481 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Orla Mining in the 4th quarter valued at approximately $11,944,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 valued at $35,898,000 after buying an additional 2,094,800 shares during the period. Amundi lifted its holdings in shares of Orla Mining by 49.9% in the 1st quarter. Amundi now owns 3,711,381 shares of the company's stock valued at $35,147,000 after buying an additional 1,235,692 shares during the period. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Orla Mining by 63.3% in 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 during the period. 43.04% of the stock is currently owned by hedge funds and other institutional investors.
Orla Mining Company Profile
(
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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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