Orla Mining (NYSEAMERICAN:ORLA) Price Target Lowered to C$6.00 at Scotiabank

Orla Mining (NYSEAMERICAN:ORLA – Get Rating) had its price target trimmed by Scotiabank from C$6.25 to C$6.00 in a report released on Tuesday morning, The Fly reports.

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.

Orla Mining (NYSEAMERICAN:ORLA – Get Rating) last released its earnings results on Thursday, November 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Orla Mining had a return on equity of 12.79% and a net margin of 15.72%. The firm had revenue of $49.03 million for the quarter. As a group, sell-side analysts forecast that Orla Mining will post 0.18 EPS for the current fiscal year.

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

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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.