Quattro Financial Advisors LLC Raises Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Quattro Financial Advisors LLC boosted its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 106.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,615 shares of the company’s stock after purchasing an additional 61,280 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Orla Mining were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWA Asset Management Group LLC raised its stake in Orla Mining by 20.6% in the 4th 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 stake in shares of Orla Mining by 67.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock worth $1,192,000 after buying an additional 118,961 shares during the period. Barclays PLC grew its position in shares of Orla Mining by 86.5% in the third quarter. Barclays PLC now owns 47,177 shares of the company’s stock valued at $189,000 after purchasing an additional 21,877 shares during the period. JPMorgan Chase & Co. increased its stake in Orla Mining by 262.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock worth $1,138,000 after buying an additional 205,911 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Orla Mining by 50.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock worth $1,812,000 after purchasing an additional 150,000 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Cowen began coverage on shares of Orla Mining in a report on Tuesday. They set a “hold” rating for the company. Scotiabank upgraded 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 note on Thursday, October 31st. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.13.

Orla Mining Price Performance

Shares of NYSEAMERICAN ORLA opened at $7.22 on Friday. The stock has a market cap of $2.32 billion, a PE ratio of 30.83 and a beta of 0.71. Orla Mining Ltd. has a fifty-two week low of $3.16 and a fifty-two week high of $7.27. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12.

Orla Mining (NYSEAMERICAN:ORLA) last announced its quarterly earnings results 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. As a group, research analysts predict that Orla Mining Ltd. will post 0.23 earnings per share for the current fiscal year.

Orla Mining 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.