Orla Mining (NYSEAMERICAN:ORLA) PT Lowered to C$6.75

Orla Mining (NYSEAMERICAN:ORLA) had its price objective cut by Scotiabank from C$7.25 to C$6.75 in a report published on Tuesday morning, The Fly reports.

Other equities research analysts have also issued research reports about the stock. Desjardins boosted their price target on shares of Orla Mining from C$7.25 to C$7.50 and gave the company a buy rating in a report on Wednesday, December 8th. Zacks Investment Research lowered shares of Orla Mining from a hold rating to a sell rating in a research note on Thursday, December 30th.

NYSEAMERICAN:ORLA opened at $3.53 on Tuesday. Orla Mining has a one year low of $2.83 and a one year high of $5.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $874.03 million and a PE ratio of -32.09.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG grew its position in Orla Mining by 569.8% during the 3rd 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 last quarter. Goldman Sachs Group Inc. purchased a new stake in Orla Mining during the 3rd quarter worth approximately $48,000. Scotia Capital Inc. purchased a new stake in Orla Mining during the 3rd quarter worth approximately $54,000. Toronto Dominion Bank grew its position in Orla Mining by 32.6% during 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 last quarter. Finally, HighTower Advisors LLC grew its position 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 purchasing an additional 3,474 shares during the last quarter. Hedge funds and other institutional investors own 26.11% of the company’s stock.

Orla Mining Company Profile

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.

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