Orla Mining (NYSEAMERICAN:ORLA) Hits New 52-Week High – Still a Buy?

Orla Mining Ltd. (NYSEAMERICAN:ORLA)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.62 and last traded at $7.13, with a volume of 1254509 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

A number of research firms recently weighed in on ORLA. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. TD Securities raised shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. TD Cowen started coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating for the company. Finally, Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.13.

Orla Mining Stock Down 1.2 %

The company has a market cap of $2.29 billion, a price-to-earnings ratio of 30.83 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

Orla Mining (NYSEAMERICAN:ORLA) last posted its earnings results on Tuesday, November 12th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $99.31 million during the quarter. Orla Mining had a net margin of 1.42% and a return on equity of 17.04%. As a group, equities analysts predict that Orla Mining Ltd. will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of Orla Mining

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in Orla Mining by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock worth $2,500,000 after purchasing an additional 2,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Orla Mining by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock worth $679,000 after purchasing an additional 4,827 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Orla Mining by 2.0% during the 4th quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock worth $2,174,000 after purchasing an additional 7,667 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Orla Mining during the third quarter worth about $43,000. Finally, Kitching Partners LLC acquired a new position in shares of Orla Mining in the third quarter valued at approximately $48,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Company Profile

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.