Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.82 and last traded at $8.84, with a volume of 3750 shares changing hands. The stock had previously closed at $8.71.
Analysts Set New Price Targets
Several brokerages have commented on ORLA. Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday. TD Securities upgraded shares of Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Scotiabank raised Orla Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Finally, TD Cowen assumed coverage on Orla Mining in a research note on Tuesday, February 4th. They set a "hold" rating for the company. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $6.13.
Read Our Latest Research Report on Orla Mining
Orla Mining Stock Down 4.9 %
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 business's 50-day simple moving average is $6.77. The stock has a market cap of $2.85 billion, a P/E ratio of -883.12 and a beta of 0.71.
Institutional Trading of Orla Mining
Institutional investors and hedge funds have recently made changes to their positions in the business. Kitching Partners LLC acquired a new position in shares of Orla Mining during the 3rd quarter worth about $48,000. Mariner LLC purchased a new stake in Orla Mining during the 4th quarter worth approximately $58,000. Scotia Capital Inc. acquired a new position in shares of Orla Mining during the fourth quarter valued at approximately $67,000. Walleye Capital LLC acquired a new position in shares of Orla Mining during the third quarter valued at approximately $69,000. Finally, DF Dent & Co. Inc. purchased a new position in shares of Orla Mining in the third quarter valued at approximately $80,000. 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.
Further Reading
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