Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) have earned a consensus rating of "Buy" from the five analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.13.
ORLA has been the topic of several research analyst reports. Scotiabank upgraded shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. TD Securities raised Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Finally, TD Cowen initiated coverage on Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating for the company.
Check Out Our Latest Research Report on Orla Mining
Orla Mining Price Performance
Orla Mining stock traded up $0.11 during trading hours on Friday, reaching $9.14. The company had a trading volume of 998,656 shares, compared to its average volume of 538,513. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The stock has a 50-day simple moving average of $6.97. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -913.09 and a beta of 0.71. Orla Mining has a 12-month low of $3.24 and a 12-month high of $9.62.
Institutional Trading of Orla Mining
Institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp boosted its holdings in shares of Orla Mining by 17.2% during the 4th quarter. Mackenzie Financial Corp now owns 145,765 shares of the company's stock valued at $806,000 after acquiring an additional 21,353 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Orla Mining in the fourth quarter worth approximately $84,000. Two Sigma Investments LP grew its position in Orla Mining by 453.8% in the 4th quarter. Two Sigma Investments LP now owns 360,170 shares of the company's stock worth $1,995,000 after purchasing an additional 295,133 shares during the period. Toronto Dominion Bank raised its stake in Orla Mining by 167.4% during the 4th quarter. Toronto Dominion Bank now owns 45,906 shares of the company's stock valued at $254,000 after buying an additional 28,741 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of Orla Mining by 11.8% during the 4th quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock valued at $107,000 after buying an additional 2,048 shares during the period. Institutional investors own 43.04% of the company's stock.
Orla Mining Company Profile
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Get Free ReportOrla 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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