Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) shares saw strong trading volume on Friday . 715,929 shares changed hands during mid-day trading, an increase of 43% from the previous session's volume of 500,254 shares.The stock last traded at $8.65 and had previously closed at $8.29.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. TD Cowen assumed 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 research note on Tuesday, February 4th. Finally, Scotiabank raised shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.13.
Check Out Our Latest Analysis on Orla Mining
Orla Mining Price Performance
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 stock has a fifty day moving average price of $6.56. The firm has a market capitalization of $2.94 billion, a PE ratio of -910.59 and a beta of 0.71.
Institutional Investors Weigh In On Orla Mining
Several large investors have recently made changes to their positions in ORLA. Kitching Partners LLC acquired a new position in Orla Mining in the third quarter worth approximately $48,000. Mariner LLC acquired a new position in Orla Mining in the 4th quarter worth approximately $58,000. Scotia Capital Inc. acquired a new position in Orla Mining in the 4th quarter worth approximately $67,000. Walleye Capital LLC acquired a new position in Orla Mining in the 3rd quarter worth approximately $69,000. Finally, DF Dent & Co. Inc. acquired a new position in Orla Mining in the 3rd quarter worth approximately $80,000. 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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