Orla Mining (NYSEAMERICAN:ORLA) Sees Strong Trading Volume

Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) saw strong trading volume on Friday . 2,467 shares were traded during trading, a decline of 95% from the previous session’s volume of 47,407 shares.The stock last traded at $3.57 and had previously closed at $3.62.

Several research analysts have recently issued reports on the stock. Scotiabank cut their target price on shares of Orla Mining from C$7.25 to C$6.75 in a report on Tuesday. Desjardins raised their target price on shares of Orla Mining from C$7.25 to C$7.50 and gave the stock a “buy” rating in a report on Wednesday, December 8th. Finally, Zacks Investment Research cut shares of Orla Mining from a “hold” rating to a “sell” rating in a report on Thursday, December 30th.

The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.60.

Orla Mining (NYSEAMERICAN:ORLA) last released its quarterly earnings results on Monday, November 15th. The company reported ($0.04) earnings per share for the quarter. On average, analysts anticipate that Orla Mining Ltd. will post -0.07 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its holdings in shares of Orla Mining by 569.8% during the third quarter. UBS Group AG now owns 9,216 shares of the company’s stock worth $31,000 after purchasing an additional 7,840 shares during the period. Goldman Sachs Group Inc. acquired a new position in Orla Mining in the 3rd quarter worth about $48,000. Scotia Capital Inc. acquired a new position in Orla Mining in the 3rd quarter worth about $54,000. Toronto Dominion Bank raised its holdings in Orla Mining by 32.6% in the 2nd quarter. Toronto Dominion Bank now owns 20,809 shares of the company’s stock worth $86,000 after purchasing an additional 5,119 shares during the period. Finally, HighTower Advisors LLC increased its stake in Orla Mining by 14.2% during the 3rd quarter. HighTower Advisors LLC now owns 27,985 shares of the company’s stock worth $92,000 after buying an additional 3,474 shares in the last quarter. Institutional investors own 26.11% of the company’s stock.

About Orla Mining (NYSEAMERICAN:ORLA)

Orla Mining Ltd. engages in the acquisition, exploration, development, and operation of mineral properties. Its project portfolio includes Cerro Quema in Panama and Camino Rojo in Mexico. The company was founded on May 31, 2007 and is headquartered in Vancouver, Canada.

See Also: Fiduciary

Receive News & Ratings for Orla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orla Mining and related companies with MarketBeat.com's FREE daily email newsletter.