Orla Mining (NYSEAMERICAN:ORLA) Sets New 1-Year High - Still a Buy?

Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $7.62 and last traded at $7.13, with a volume of 1254509 shares trading hands. The stock had previously closed at $7.22.

Analyst Ratings Changes

Several brokerages have recently weighed in on ORLA. TD Securities raised shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. TD Cowen started coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating on the stock. Scotiabank raised shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Finally, Desjardins raised shares of Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. 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 stock. According to MarketBeat.com, Orla Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.13.

Orla Mining Stock Performance

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 capitalization of $2.24 billion, a P/E ratio of -695.30 and a beta of 0.71.

Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). Orla Mining had a return on equity of 17.04% and a net margin of 1.42%. The business had revenue of $99.31 million for the quarter. Equities research analysts expect that Orla Mining Ltd. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Orla Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORLA. Geode Capital Management LLC increased its position in shares of Orla Mining by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 116,293 shares of the company's stock worth $650,000 after acquiring an additional 1,665 shares during the last quarter. Walleye Capital LLC increased its position in shares of Orla Mining by 10.2% during the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after acquiring an additional 1,764 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Orla Mining by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company's stock worth $2,500,000 after acquiring an additional 2,000 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Orla Mining by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 392,364 shares of the company's stock worth $2,174,000 after acquiring an additional 7,667 shares during the last quarter. Finally, Mariner LLC purchased a new stake in shares of Orla Mining during the fourth quarter worth about $58,000. Hedge funds and other institutional investors 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.