Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $5.82 and last traded at $5.82, with a volume of 407441 shares traded. The stock had previously closed at $5.54.
Wall Street Analyst Weigh In
ORLA has been the subject of a number of research analyst reports. Desjardins upgraded shares of Orla Mining to a "moderate buy" rating in a research report on Thursday, October 31st. Scotiabank raised shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th.
Get Our Latest Report on ORLA
Orla Mining Trading Up 6.1 %
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 firm has a market cap of $1.89 billion, a PE ratio of -587.41 and a beta of 0.75.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in ORLA. Goehring & Rozencwajg Associates LLC grew its holdings in Orla Mining by 16.3% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company's stock valued at $4,969,000 after buying an additional 181,900 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Orla Mining by 67.2% in the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company's stock valued at $1,192,000 after purchasing an additional 118,961 shares during the period. CWA Asset Management Group LLC acquired a new stake in Orla Mining during the third quarter worth about $5,927,000. Allspring Global Investments Holdings LLC raised its stake in Orla Mining by 50.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company's stock worth $1,812,000 after purchasing an additional 150,000 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Orla Mining in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 43.04% of the company's stock.
About Orla Mining
(
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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.
Further Reading
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