Orla Mining (NYSEAMERICAN:ORLA) Sees Strong Trading Volume

Orla Mining Ltd. (NYSEAMERICAN:ORLAGet Rating) saw unusually-strong trading volume on Tuesday . Approximately 3,572 shares were traded during trading, a decline of 98% from the previous session’s volume of 162,726 shares.The stock last traded at $3.75 and had previously closed at $3.50.

Analyst Ratings Changes

Several analysts recently issued reports on ORLA shares. Scotiabank cut their target price on Orla Mining from C$7.00 to C$6.25 in a research report on Monday, October 24th. TD Securities started coverage on Orla Mining in a research report on Wednesday, August 17th. They set a “buy” rating and a $7.50 target price for the company.

Orla Mining Stock Performance

The company has a market cap of $1.21 billion, a P/E ratio of 50.01 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.

Orla Mining (NYSEAMERICAN:ORLAGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Orla Mining had a net margin of 15.72% and a return on equity of 12.79%. The firm had revenue of $49.03 million for the quarter. On average, equities analysts anticipate that Orla Mining Ltd. will post 0.21 EPS for the current year.

Hedge Funds Weigh In On Orla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in shares of Orla Mining in the 3rd quarter valued at approximately $32,000. Virtu Financial LLC bought a new stake in shares of Orla Mining in the 3rd quarter valued at approximately $33,000. First Trust Advisors LP bought a new stake in shares of Orla Mining during the 3rd quarter worth approximately $34,000. Aigen Investment Management LP bought a new stake in shares of Orla Mining during the 2nd quarter worth approximately $32,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Orla Mining during the 3rd quarter worth approximately $52,000. 23.87% of the stock is owned by institutional investors.

About Orla Mining

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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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