Orla Mining (NYSEAMERICAN:ORLA) Shares Gap Up to $3.52

Posted by on Jun 16th, 2022

Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get Rating) gapped up before the market opened on Thursday . The stock had previously closed at $3.52, but opened at $3.60. Orla Mining shares last traded at $3.44, with a volume of 3,991 shares.

A number of research firms recently issued reports on ORLA. Desjardins lowered their target price on Orla Mining from C$7.50 to C$7.00 in a research note on Thursday. Stifel Nicolaus lifted their target price on Orla Mining from C$6.75 to C$7.00 in a report on Friday, May 27th. TD Securities decreased their price target on Orla Mining from C$8.00 to C$7.50 in a research report on Friday, May 13th. Finally, Scotiabank raised their price target on Orla Mining from C$6.75 to C$7.00 in a research report on Tuesday, April 19th.

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.52 and a quick ratio of 1.28. The company has a market cap of $891.86 million, a PE ratio of 351.00 and a beta of 0.81.

Orla Mining (NYSEAMERICAN:ORLA – Get Rating) last released its quarterly earnings results on Friday, March 18th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $4.09 million during the quarter. As a group, equities analysts forecast that Orla Mining Ltd. will post 0.2 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORLA. Goldman Sachs Group Inc. lifted its position in shares of Orla Mining by 23.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 17,900 shares of the company’s stock valued at $68,000 after acquiring an additional 3,400 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Orla Mining by 14.2% during the third quarter. HighTower Advisors LLC now owns 27,985 shares of the company’s stock worth $92,000 after buying an additional 3,474 shares during the period. Shell Asset Management Co. lifted its holdings in Orla Mining by 31.9% during the fourth quarter. Shell Asset Management Co. now owns 16,859 shares of the company’s stock worth $64,000 after buying an additional 4,073 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Orla Mining by 1.8% during the 1st quarter. D.A. Davidson & CO. now owns 254,971 shares of the company’s stock valued at $1,221,000 after purchasing an additional 4,595 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in Orla Mining by 3.6% in the 4th quarter. TD Asset Management Inc. now owns 149,841 shares of the company’s stock worth $573,000 after acquiring an additional 5,211 shares during the last quarter. Institutional investors own 27.47% of the company’s stock.

Orla Mining Company Profile (NYSEAMERICAN:ORLA)

Orla Mining Ltd. acquires, explores for, and develops 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 163,129 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,800 hectares located in the Azuero Peninsula, Panama.

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