Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $8.29, but opened at $8.70. Orla Mining shares last traded at $8.66, with a volume of 206,844 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. TD Securities upgraded Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Finally, TD Cowen started coverage on Orla Mining in a 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $6.13.
View Our Latest Stock Analysis on ORLA
Orla Mining Trading Up 2.9 %
The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The business's fifty day moving average is $7.97 and its 200-day moving average is $5.94. The stock has a market capitalization of $3.52 billion, a PE ratio of -1,091.91 and a beta of 0.71.
Institutional Trading of Orla Mining
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mariner LLC purchased a new position in Orla Mining in the fourth quarter valued at about $58,000. Scotia Capital Inc. acquired a new stake in shares of Orla Mining in the fourth quarter valued at about $67,000. Two Sigma Advisers LP acquired a new stake in shares of Orla Mining in the fourth quarter valued at about $84,000. Sanctuary Advisors LLC purchased a new stake in shares of Orla Mining during the 3rd quarter valued at about $90,000. Finally, Walleye Capital LLC lifted its position in Orla Mining by 10.2% during the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after acquiring an additional 1,764 shares in the last quarter. 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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