Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) have been given a consensus rating of "Buy" by the five analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $6.13.
A number of research firms have recently issued reports on ORLA. Scotiabank upgraded Orla Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. TD Cowen began coverage on Orla Mining in a report on Tuesday, February 4th. They issued a "hold" rating for the company. TD Securities upgraded Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Finally, Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th.
Get Our Latest Research Report on ORLA
Hedge Funds Weigh In On Orla Mining
Institutional investors have recently bought and sold shares of the company. Kitching Partners LLC acquired a new stake in shares of Orla Mining in the third quarter valued at $48,000. Mariner LLC acquired a new stake in Orla Mining in the 4th quarter valued at about $58,000. Scotia Capital Inc. purchased a new position in shares of Orla Mining in the 4th quarter valued at about $67,000. Walleye Capital LLC acquired a new position in shares of Orla Mining during the third quarter worth about $69,000. Finally, DF Dent & Co. Inc. acquired a new position in shares of Orla Mining during the third quarter worth about $80,000. 43.04% of the stock is owned by institutional investors and hedge funds.
Orla Mining Stock Performance
Shares of NYSEAMERICAN:ORLA traded up $0.26 during trading on Friday, reaching $9.10. The stock had a trading volume of 695,837 shares, compared to its average volume of 992,249. The stock has a fifty day moving average of $6.84. Orla Mining has a 1-year low of $3.24 and a 1-year high of $9.62. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The company has a market cap of $2.93 billion, a PE ratio of -909.09 and a beta of 0.71.
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.
Further Reading
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