Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) was upgraded by equities researchers at Stifel Canada to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.
Other equities research analysts have also issued research reports about the stock. TD Cowen assumed coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating for the company. TD Securities raised shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Finally, Scotiabank raised Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $6.13.
Get Our Latest Stock Report on Orla Mining
Orla Mining Stock Performance
ORLA stock traded up $0.11 during midday trading on Wednesday, reaching $9.14. The company's stock had a trading volume of 998,656 shares, compared to its average volume of 537,254. Orla Mining has a 1 year low of $3.24 and a 1 year high of $9.62. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -913.09 and a beta of 0.71. The company's fifty day moving average price is $6.90. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.
Institutional Trading of Orla Mining
A number of hedge funds have recently bought and sold shares of ORLA. CWA Asset Management Group LLC boosted its position in shares of Orla Mining by 20.6% in the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company's stock worth $9,897,000 after purchasing an additional 304,748 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Orla Mining by 67.2% during the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company's stock worth $1,192,000 after buying an additional 118,961 shares during the period. Barclays PLC grew its holdings in shares of Orla Mining by 86.5% during the third quarter. Barclays PLC now owns 47,177 shares of the company's stock valued at $189,000 after buying an additional 21,877 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Orla Mining by 262.3% during the third quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company's stock valued at $1,138,000 after buying an additional 205,911 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Orla Mining by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company's stock valued at $463,000 after acquiring an additional 12,159 shares during the period. Hedge funds and other institutional investors own 43.04% of the company's stock.
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.
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