Orla Mining (NYSEAMERICAN:ORLA) Price Target Increased to C$7.50 by Analysts at Desjardins

Orla Mining (NYSEAMERICAN:ORLA – Get Rating) had its price target raised by analysts at Desjardins from C$7.25 to C$7.50 in a note issued to investors on Wednesday, The Fly reports.

A number of other brokerages have also recently issued reports on ORLA. Scotiabank upped their price target on shares of Orla Mining from C$6.75 to C$7.00 in a research note on Tuesday, April 19th. TD Securities lowered their target price on shares of Orla Mining from C$8.00 to C$7.50 in a research note on Friday, May 13th. Finally, Zacks Investment Research upgraded shares of Orla Mining from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th.

Shares of NYSEAMERICAN ORLA traded down $0.07 during mid-day trading on Wednesday, hitting $3.98. The stock had a trading volume of 3,231 shares, compared to its average volume of 104,316. The company has a quick ratio of 1.28, a current ratio of 1.52 and a debt-to-equity ratio of 0.56. Orla Mining has a 1 year low of $2.83 and a 1 year high of $5.24. The company has a market cap of $999.88 million, a price-to-earnings ratio of 396.00 and a beta of 0.78.

Orla Mining (NYSEAMERICAN:ORLA – Get Rating) last issued its quarterly earnings data on Friday, March 18th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $4.09 million for the quarter. Equities research analysts anticipate that Orla Mining will post 0.17 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in Orla Mining by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,621,752 shares of the company’s stock valued at $25,123,000 after purchasing an additional 130,000 shares in the last quarter. Royal Bank of Canada grew its stake in Orla Mining by 0.4% during the 1st quarter. Royal Bank of Canada now owns 6,048,097 shares of the company’s stock valued at $28,971,000 after purchasing an additional 22,482 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Orla Mining by 0.6% during the 4th quarter. First Eagle Investment Management LLC now owns 5,895,007 shares of the company’s stock valued at $22,509,000 after purchasing an additional 34,295 shares during the last quarter. Invesco Ltd. grew its stake in Orla Mining by 47.5% during the 1st quarter. Invesco Ltd. now owns 4,619,663 shares of the company’s stock valued at $22,129,000 after purchasing an additional 1,487,552 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Orla Mining by 11.6% during the 1st quarter. Clearbridge Investments LLC now owns 377,477 shares of the company’s stock valued at $1,808,000 after purchasing an additional 39,217 shares during the last quarter. Institutional investors own 27.47% of the company’s stock.

About Orla Mining (Get Rating)

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.

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