Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) was upgraded by investment analysts at TD Securities to a "hold" rating in a report issued on Tuesday,Zacks.com reports.
A number of other research analysts have also issued reports on ORLA. TD Cowen started coverage on shares of Orla Mining in a research note on Tuesday, February 4th. They issued a "hold" rating on the stock. Desjardins raised Orla Mining to a "moderate buy" rating in a research report on Thursday, October 31st. Finally, Scotiabank raised Orla Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Orla Mining has an average rating of "Moderate Buy" and an average target price of $6.13.
Read Our Latest Analysis on Orla Mining
Orla Mining Stock Performance
NYSEAMERICAN ORLA traded up $0.13 on Tuesday, reaching $7.22. The stock had a trading volume of 1,088,272 shares, compared to its average volume of 601,218. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. Orla Mining has a 1 year low of $3.16 and a 1 year high of $7.27. The company has a market capitalization of $2.32 billion, a P/E ratio of 30.83 and a beta of 0.71.
Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). Orla Mining had a net margin of 1.42% and a return on equity of 17.04%. The business had revenue of $99.31 million during the quarter. Analysts anticipate that Orla Mining will post 0.23 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of Orla Mining during the third quarter worth $43,000. Kitching Partners LLC acquired a new stake in Orla Mining in the third quarter worth about $48,000. Walleye Capital LLC bought a new stake in Orla Mining during the 3rd quarter worth about $69,000. DF Dent & Co. Inc. acquired a new position in Orla Mining during the 3rd quarter valued at about $80,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Orla Mining in the 3rd quarter valued at about $90,000. Institutional investors and hedge funds 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.
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