Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get 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.
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
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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