Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $6.10 and last traded at $6.01, with a volume of 600900 shares traded. The stock had previously closed at $5.95.
Analyst Ratings Changes
ORLA has been the topic of a number of recent research reports. Desjardins upgraded Orla Mining to a "moderate buy" rating in a research note on Thursday, October 31st. Scotiabank upgraded shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th.
View Our Latest Analysis on Orla Mining
Orla Mining Stock Performance
The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The stock has a market capitalization of $1.91 billion, a PE ratio of -592.21 and a beta of 0.69.
Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $99.31 million during the quarter. Orla Mining had a net margin of 1.42% and a return on equity of 17.04%. Analysts forecast that Orla Mining Ltd. will post 0.2 EPS for the current fiscal year.
Institutional Trading of Orla Mining
Hedge funds and other institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC boosted its position in Orla Mining by 20.6% during the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company's stock worth $9,897,000 after buying an additional 304,748 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Orla Mining by 262.3% during the third quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company's stock worth $1,138,000 after purchasing an additional 205,911 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Orla Mining during the third quarter worth $90,000. Barclays PLC grew its stake in shares of Orla Mining by 86.5% in the third quarter. Barclays PLC now owns 47,177 shares of the company's stock worth $189,000 after purchasing an additional 21,877 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Orla Mining by 11.9% in the third quarter. Geode Capital Management LLC now owns 114,628 shares of the company's stock valued at $463,000 after purchasing an additional 12,159 shares during the period. Institutional investors own 43.04% of the company's stock.
About Orla Mining
(
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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
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