Orla Mining (NYSEAMERICAN:ORLA) Reaches New 1-Year High – Here’s What Happened

Orla Mining Ltd. (NYSEAMERICAN:ORLA)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.72 and last traded at $7.59, with a volume of 141097 shares changing hands. The stock had previously closed at $7.25.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ORLA. TD Securities upgraded Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen assumed coverage on Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating for the company. Finally, Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Orla Mining presently has an average rating of “Moderate Buy” and an average price target of $6.13.

Orla Mining Trading Up 0.6 %

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 market cap of $2.53 billion, a P/E ratio of -784.22 and a beta of 0.71. The business has a 50-day simple moving average of $6.37.

Institutional Trading of Orla Mining

Institutional investors have recently modified their holdings of the company. Mariner LLC acquired a new stake in shares of Orla Mining during the fourth quarter worth $58,000. Kitching Partners LLC acquired a new stake in shares of Orla Mining during the third quarter worth $48,000. Scotia Capital Inc. acquired a new stake in shares of Orla Mining during the fourth quarter worth $67,000. Two Sigma Advisers LP acquired a new stake in shares of Orla Mining during the fourth quarter worth $84,000. Finally, Walleye Capital LLC acquired a new stake in shares of Orla Mining during the third quarter worth $69,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Company Profile

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.