Orla Mining (NYSEAMERICAN:ORLA) Sets New 1-Year High – Here’s What Happened

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) reached a new 52-week high during trading on Thursday . The stock traded as high as $6.10 and last traded at $6.01, with a volume of 600900 shares trading hands. The stock had previously closed at $5.95.

Analyst Ratings Changes

ORLA has been the subject of a number of research reports. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st.

Orla Mining Stock Performance

The company has a market cap of $1.93 billion, a P/E ratio of -600.40 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

Orla Mining (NYSEAMERICAN:ORLA) last issued its quarterly 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). Orla Mining had a net margin of 1.42% and a return on equity of 17.04%. The firm had revenue of $99.31 million during the quarter. As a group, equities research analysts predict that Orla Mining Ltd. will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Orla Mining

Institutional investors have recently bought and sold shares of the business. CWA Asset Management Group LLC increased its holdings in Orla Mining by 20.6% in the fourth 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 last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Orla Mining by 50.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock worth $1,812,000 after purchasing an additional 150,000 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Orla Mining by 21.4% during the 3rd quarter. National Bank of Canada FI now owns 421,108 shares of the company’s stock valued at $1,687,000 after purchasing an additional 74,293 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Orla Mining by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 412,400 shares of the company’s stock valued at $1,583,000 after purchasing an additional 17,100 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Orla Mining in the third quarter worth $1,539,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

About Orla Mining

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.