Orla Mining (NYSEAMERICAN:ORLA) Research Coverage Started at TD Cowen

TD Cowen assumed coverage on shares of Orla Mining (NYSEAMERICAN:ORLA) in a report published on Tuesday, MarketBeat.com reports. The firm issued a hold rating on the stock.

Several other research analysts also recently commented on ORLA. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.13.

Orla Mining Trading Up 2.6 %

Shares of Orla Mining stock opened at $7.09 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. Orla Mining has a 52-week low of $3.16 and a 52-week high of $7.14. The stock has a market cap of $2.28 billion, a PE ratio of -708.29 and a beta of 0.71.

Orla Mining (NYSEAMERICAN:ORLA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Orla Mining had a net margin of 1.42% and a return on equity of 17.04%. The company had revenue of $99.31 million during the quarter. Equities research analysts expect that Orla Mining will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Orla Mining

Institutional investors and hedge funds have recently made changes to their positions in the company. CWA Asset Management Group LLC raised its position in shares of Orla Mining by 20.6% during the fourth quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock worth $9,897,000 after acquiring an additional 304,748 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Orla Mining by 67.2% during the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock worth $1,192,000 after acquiring an additional 118,961 shares during the last quarter. Barclays PLC raised its position in shares of Orla Mining by 86.5% during the third quarter. Barclays PLC now owns 47,177 shares of the company’s stock worth $189,000 after acquiring an additional 21,877 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Orla Mining by 262.3% in the third quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock valued at $1,138,000 after purchasing an additional 205,911 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Orla Mining by 50.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock valued at $1,812,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors own 43.04% of the company’s stock.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits 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 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.