1 week Ago By Defense World Staff
Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get Free Report)’s share price was up 6.6% during mid-day trading on Friday .
The stock traded as high as $10.97 and last traded at $10.53.
Approximately 360,229 shares traded hands during trading, a decline of 39% from the average daily volume of 595,301 shares. The stock had previously closed at $9.88.
Analysts Set New Price TargetsA number of equities research analysts have weighed in on the company. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. TD Cowen began coverage on Orla Mining in a report on Tuesday, February 4th.
They issued a “hold” rating on the stock. Finally, TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Two research 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.
According to data from MarketBeat, Orla Mining currently has a consensus rating of “Buy” and an average target price of $6.13.Read Our Latest Report on ORLAOrla Mining Price PerformanceThe firm has a market capitalization of $3.
42 billion, a price-to-earnings ratio of -1,060.94 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 $7.97 and a two-hundred day moving average price of $5.
94. Institutional Trading of Orla MiningA number of large investors have recently added to or reduced their stakes in the business. Mariner LLC acquired a new stake in Orla Mining in the fourth quarter valued at approximately $58,000.
Scotia Capital Inc. bought a new stake in shares of Orla Mining in the fourth quarter valued at about $67,000. Two Sigma Advisers LP bought a new position in shares of Orla Mining during the 4th quarter worth about $84,000.
Sanctuary Advisors LLC acquired a new stake in shares of Orla Mining during the 3rd quarter valued at about $90,000. Finally, Walleye Capital LLC grew its stake in shares of Orla Mining by 10.2% in the 4th quarter.
Walleye Capital LLC now owns 19,128 shares of the company’s stock valued at $106,000 after purchasing an additional 1,764 shares during the period. 43.04% of the stock is currently owned by institutional investors.
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.Read MoreFive stocks we like better than Orla MiningLow PE Growth Stocks: Unlocking Investment OpportunitiesRobinhood Strategies Could Be a Game-Changer for Young InvestorsHow to Calculate Options ProfitsAre These 3 Retail Stocks Oversold or Really in Trouble?3 Dividend Kings To ConsiderIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
