Orla Mining (NYSEAMERICAN:ORLA) Coverage Initiated at TD Cowen

TD Cowen assumed coverage on shares of Orla Mining (NYSEAMERICAN:ORLA) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a “hold” rating on the stock.

A number of other research analysts also recently issued reports on ORLA. Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st.

Orla Mining Price Performance

Shares of ORLA stock opened at $6.91 on Tuesday. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.22 billion, a P/E ratio of -690.31 and a beta of 0.71. Orla Mining has a one year low of $3.16 and a one year high of $6.95.

Orla Mining (NYSEAMERICAN:ORLA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.06 earnings per share 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. Analysts predict that Orla Mining will post 0.23 earnings per share for the current year.

Hedge Funds Weigh In On Orla Mining

A number of large investors have recently added to or reduced their stakes in ORLA. CWA Asset Management Group LLC acquired a new position in Orla Mining during the 3rd quarter valued at approximately $5,927,000. D.A. Davidson & CO. acquired a new position in shares of Orla Mining in the 3rd quarter valued at $1,539,000. JPMorgan Chase & Co. raised its stake in Orla Mining by 262.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock worth $1,138,000 after acquiring an additional 205,911 shares during the last quarter. U S Global Investors Inc. acquired a new stake in Orla Mining during the 4th quarter worth about $1,063,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Orla Mining by 50.0% during the 3rd 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. 43.04% of the stock is currently owned by institutional investors.

About Orla Mining

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.