JPMorgan Chase & Co. Buys 205,911 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

JPMorgan Chase & Co. raised its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 262.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,408 shares of the company’s stock after acquiring an additional 205,911 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Orla Mining worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Orla Mining in the 3rd quarter worth $43,000. Kitching Partners LLC bought a new position in Orla Mining during the 3rd quarter worth about $48,000. Walleye Capital LLC purchased a new position in Orla Mining during the third quarter valued at approximately $69,000. DF Dent & Co. Inc. purchased a new stake in shares of Orla Mining during the 3rd quarter worth $80,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Orla Mining during the third quarter valued at about $90,000. 43.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ORLA shares. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st.

Orla Mining Stock Up 2.5 %

NYSEAMERICAN:ORLA opened at $6.08 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The firm has a market cap of $1.96 billion, a PE ratio of -607.39 and a beta of 0.69. Orla Mining Ltd. has a fifty-two week low of $3.16 and a fifty-two week high of $6.25.

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