Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get Free Report) saw unusually-high trading volume on Friday . Approximately 715,929 shares were traded during trading, an increase of 43% from the previous session’s volume of 500,254 shares.The stock last traded at $8.65 and had previously closed at $8.29.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ORLA. TD Securities upgraded 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 initiated coverage on Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Orla Mining has an average rating of “Moderate Buy” and an average price target of $6.13.
Read Our Latest Research Report on ORLA
Orla Mining Price Performance
Institutional Trading of Orla Mining
A number of large investors have recently added to or reduced their stakes in ORLA. Kitching Partners LLC acquired a new stake in Orla Mining during the 3rd quarter valued at $48,000. Mariner LLC bought a new stake in shares of Orla Mining during the 4th quarter worth about $58,000. Scotia Capital Inc. bought a new stake in shares of Orla Mining during the 4th quarter worth about $67,000. Walleye Capital LLC acquired a new position in Orla Mining in the 3rd quarter valued at about $69,000. Finally, DF Dent & Co. Inc. bought a new position in Orla Mining in the 3rd quarter valued at about $80,000. 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.
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