Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) shares were up 1.8% on Wednesday . The stock traded as high as $4.06 and last traded at $4.00. Approximately 184,736 shares were traded during trading, a decline of 68% from the average daily volume of 571,207 shares. The stock had previously closed at $3.93.
Analyst Ratings Changes
Separately, Royal Bank of Canada started coverage on shares of Orla Mining in a report on Friday, December 15th. They issued an "outperform" rating for the company.
Check Out Our Latest Stock Report on ORLA
Orla Mining Price Performance
The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.04 and a current ratio of 5.07. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -44.67 and a beta of 0.88.
Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last posted its quarterly earnings data on Tuesday, March 19th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. The business had revenue of $62.95 million during the quarter. Orla Mining had a negative net margin of 11.56% and a positive return on equity of 11.09%. Analysts forecast that Orla Mining Ltd. will post 0.1 EPS for the current year.
Institutional Investors Weigh In On Orla Mining
Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in Orla Mining by 335.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 423,426 shares of the company's stock worth $1,376,000 after buying an additional 326,178 shares during the period. Virtu Financial LLC purchased a new stake in Orla Mining during the fourth quarter worth approximately $57,000. Legal & General Group Plc grew its stake in Orla Mining by 23.9% during the fourth quarter. Legal & General Group Plc now owns 389,283 shares of the company's stock worth $1,275,000 after buying an additional 75,068 shares during the period. Nuveen Asset Management LLC purchased a new stake in Orla Mining during the fourth quarter worth approximately $604,000. Finally, Goehring & Rozencwajg Associates LLC grew its stake in Orla Mining by 3.3% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,035,714 shares of the company's stock worth $3,379,000 after buying an additional 33,530 shares during the period. 43.04% of the stock is currently owned by hedge funds and other institutional investors.
Orla Mining Company Profile
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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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