Separately, Desjardins dropped their target price on Orla Mining from C$6.50 to C$6.00 in a research report on Tuesday.
Orla Mining Stock Performance
NYSEAMERICAN ORLA opened at $3.89 on Tuesday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 48.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.28. Orla Mining has a fifty-two week low of $2.30 and a fifty-two week high of $5.24.
Institutional Investors Weigh In On Orla Mining
A number of hedge funds and other institutional investors have recently bought and sold shares of ORLA. Great West Life Assurance Co. Can bought a new position in shares of Orla Mining during the third quarter valued at approximately $32,000. Virtu Financial LLC purchased a new position in shares of Orla Mining during the 3rd quarter valued at $33,000. First Trust Advisors LP bought a new stake in shares of Orla Mining in the 3rd quarter worth about $34,000. Aigen Investment Management LP bought a new stake in shares of Orla Mining in the 2nd quarter worth about $32,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Orla Mining during the 3rd quarter worth about $52,000. Institutional investors own 30.33% of the company’s stock.
About Orla Mining
Orla Mining Ltd. acquires, explores for, and develops 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 163,129 hectares located in Zacatecas, Mexico; and Cerro Quema project totaling an area of 14,800 hectares located in the Azuero Peninsula, Panama.
- Get a free copy of the StockNews.com research report on Orla Mining (ORLA)
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