Orla Mining (NYSEAMERICAN:ORLA) Upgraded to “Moderate Buy” at Desjardins

Orla Mining (NYSEAMERICAN:ORLA) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

Separately, Scotiabank raised their price target on Orla Mining from $5.75 to $6.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th.

Orla Mining Trading Down 1.8 %

Shares of NYSEAMERICAN:ORLA opened at $4.75 on Thursday. The firm has a market capitalization of $1.52 billion, a P/E ratio of -94.90 and a beta of 0.83. Orla Mining has a 1 year low of $2.60 and a 1 year high of $5.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.89 and a quick ratio of 5.02.

Orla Mining (NYSEAMERICAN:ORLA) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $84.57 million during the quarter. Orla Mining had a negative net margin of 4.12% and a positive return on equity of 14.36%. As a group, research analysts anticipate that Orla Mining will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On Orla Mining

Several hedge funds have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. bought a new position in Orla Mining during the first quarter worth about $893,000. Goehring & Rozencwajg Associates LLC lifted its stake in Orla Mining by 16.3% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock worth $4,969,000 after purchasing an additional 181,900 shares during the period. Renaissance Technologies LLC bought a new position in shares of Orla Mining in the second quarter valued at approximately $102,000. Allspring Global Investments Holdings LLC bought a new position in shares of Orla Mining in the second quarter valued at approximately $1,151,000. Finally, CIBC Asset Management Inc raised its stake in shares of Orla Mining by 7.9% in the second quarter. CIBC Asset Management Inc now owns 293,268 shares of the company’s stock valued at $1,125,000 after acquiring an additional 21,576 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.