Orla Mining (NYSEAMERICAN:ORLA) Sets New 52-Week High – Here’s What Happened

Orla Mining Ltd. (NYSEAMERICAN:ORLAGet Free Report)’s stock price hit a new 52-week high on Monday . The company traded as high as $8.82 and last traded at $8.84, with a volume of 3750 shares traded. The stock had previously closed at $8.71.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Finally, TD Cowen assumed coverage on shares of Orla Mining in a research note on Tuesday, February 4th. They issued a “hold” rating for the company. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.13.

Read Our Latest Stock Analysis on ORLA

Orla Mining Trading Up 4.6 %

The company has a 50 day simple moving average of $6.48. 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 stock has a market cap of $2.94 billion, a P/E ratio of -882.92 and a beta of 0.71.

Hedge Funds Weigh In On Orla Mining

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Orla Mining by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 116,293 shares of the company’s stock valued at $650,000 after purchasing an additional 1,665 shares in the last quarter. Walleye Capital LLC increased its holdings in Orla Mining by 10.2% during the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company’s stock valued at $106,000 after acquiring an additional 1,764 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Orla Mining by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock valued at $2,500,000 after acquiring an additional 2,000 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Orla Mining by 11.8% during the 4th quarter. Gotham Asset Management LLC now owns 19,393 shares of the company’s stock valued at $107,000 after acquiring an additional 2,048 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Orla Mining by 2.0% during the 4th quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock worth $2,174,000 after purchasing an additional 7,667 shares during the last quarter. Hedge funds and other institutional investors 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.

Further Reading

Receive News & Ratings for Orla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orla Mining and related companies with MarketBeat.com's FREE daily email newsletter.