Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.35, but opened at $9.10. Orla Mining shares last traded at $9.41, with a volume of 276,914 shares changing hands.
Analysts Set New Price Targets
Several analysts recently weighed in on ORLA shares. TD Cowen initiated coverage on Orla Mining in a research note on Tuesday, February 4th. They set a "hold" rating for the company. TD Securities upgraded shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Finally, Stifel Canada raised Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Orla Mining has an average rating of "Buy" and a consensus price target of $6.13.
Get Our Latest Stock Analysis on Orla Mining
Orla Mining Stock Up 0.2 %
The firm has a market capitalization of $3.09 billion, a PE ratio of -955.24 and a beta of 0.71. 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 has a 50-day moving average price of $7.40.
Institutional Trading of Orla Mining
A number of large investors have recently bought and sold shares of the stock. Mariner LLC bought a new stake in Orla Mining during the 4th quarter worth approximately $58,000. Scotia Capital Inc. bought a new stake in shares of Orla Mining during the fourth quarter worth $67,000. Walleye Capital LLC acquired a new stake in shares of Orla Mining in the third quarter valued at $69,000. DF Dent & Co. Inc. bought a new position in shares of Orla Mining in the third quarter valued at about $80,000. Finally, Two Sigma Advisers LP acquired a new position in Orla Mining during the 4th quarter worth about $84,000. 43.04% of the stock is currently owned by institutional investors.
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.
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