Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report)'s stock price shot up 3.4% during trading on Thursday . The company traded as high as $8.18 and last traded at $8.12. 201,185 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 494,897 shares. The stock had previously closed at $7.85.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on ORLA shares. TD Securities raised shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Scotiabank upgraded Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Finally, TD Cowen started coverage on 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $6.13.
Read Our Latest Analysis on ORLA
Orla Mining Stock Performance
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 fifty day moving average price of $6.56. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of -923.08 and a beta of 0.71.
Institutional Trading of Orla Mining
Large investors have recently added to or reduced their stakes in the business. Kitching Partners LLC bought a new position in Orla Mining in the 3rd quarter valued at about $48,000. Mariner LLC bought a new position in shares of Orla Mining in the fourth quarter valued at 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. bought a new stake in Orla Mining during the third quarter worth approximately $80,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.
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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