Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $11.95 and last traded at $11.50, with a volume of 1693251 shares changing hands. The stock had previously closed at $11.27.
Analysts Set New Price Targets
A number of research analysts have commented on ORLA shares. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. TD Securities upgraded Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Finally, TD Cowen assumed coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They set a "hold" rating on the stock. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $6.13.
Get Our Latest Stock Analysis on ORLA
Orla Mining Stock Performance
The stock has a fifty day moving average price of $8.79 and a 200 day moving average price of $6.28. 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 firm has a market cap of $3.46 billion, a price-to-earnings ratio of -1,070.93 and a beta of 0.71.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Orla Mining by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 504,000 shares of the company's stock valued at $4,708,000 after acquiring an additional 52,000 shares during the period. U S Global Investors Inc. raised its stake in Orla Mining by 94.1% during the 1st quarter. U S Global Investors Inc. now owns 372,922 shares of the company's stock valued at $3,482,000 after purchasing an additional 180,797 shares during the last quarter. Bessemer Group Inc. bought a new stake in Orla Mining in the 1st quarter valued at $762,000. Oppenheimer & Co. Inc. acquired a new stake in Orla Mining in the 1st quarter worth $238,000. Finally, XML Financial LLC acquired a new stake in Orla Mining in the 1st quarter worth $214,000. Institutional investors and hedge funds own 43.04% of the company's stock.
Orla Mining Company Profile
(
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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