Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $9.24, but opened at $9.50. Orla Mining shares last traded at $9.23, with a volume of 221,649 shares traded.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on ORLA shares. Scotiabank raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. TD Cowen assumed coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating on the stock. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.13.
Get Our Latest Report on Orla Mining
Orla Mining Stock Down 3.4 %
Hedge Funds Weigh In On Orla Mining
Large investors have recently bought and sold shares of the stock. Kitching Partners LLC bought a new stake in Orla Mining during the 3rd quarter valued at $48,000. Mariner LLC bought a new position in shares of Orla Mining during the fourth quarter valued at about $58,000. Scotia Capital Inc. purchased a new stake in shares of Orla Mining during the fourth quarter worth about $67,000. Walleye Capital LLC bought a new stake in shares of Orla Mining in the third quarter worth about $69,000. Finally, DF Dent & Co. Inc. purchased a new position in Orla Mining during the 3rd quarter valued at about $80,000. 43.04% of the stock is owned by hedge funds and other institutional investors.
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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