TD Securities Upgrades Orla Mining (NYSEAMERICAN:ORLA) to Hold

Orla Mining (NYSEAMERICAN:ORLA) was upgraded by equities researchers at TD Securities to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on ORLA. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. TD Cowen assumed coverage on Orla Mining in a research note on Tuesday. They set a “hold” rating on the stock. Finally, Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Orla Mining has an average rating of “Moderate Buy” and a consensus price target of $6.13.

Orla Mining Trading Up 6.3 %

Shares of NYSEAMERICAN:ORLA opened at $6.91 on Tuesday. The firm has a market capitalization of $2.22 billion, a PE ratio of -690.31 and a beta of 0.71. 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 has a 12-month low of $3.16 and a 12-month high of $6.95.

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

Institutional Investors Weigh In On Orla Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC purchased a new stake in shares of Orla Mining in the 3rd quarter valued at $5,927,000. D.A. Davidson & CO. purchased a new stake in Orla Mining during the third quarter worth about $1,539,000. JPMorgan Chase & Co. lifted its position in shares of Orla Mining by 262.3% during the third quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock worth $1,138,000 after purchasing an additional 205,911 shares in the last quarter. U S Global Investors Inc. purchased a new position in shares of Orla Mining in the fourth quarter valued at approximately $1,063,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of 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 in the last quarter. Hedge funds and other 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.