JPMorgan Chase & Co. Has $1.14 Million Stock Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

JPMorgan Chase & Co. raised its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 262.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 284,408 shares of the company's stock after buying an additional 205,911 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.09% of Orla Mining worth $1,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Orla Mining by 4.3% during the second quarter. American Century Companies Inc. now owns 412,400 shares of the company's stock worth $1,583,000 after buying an additional 17,100 shares during the period. Renaissance Technologies LLC bought a new stake in Orla Mining during the 2nd quarter valued at $102,000. Toronto Dominion Bank boosted its position in Orla Mining by 536.1% during the 2nd quarter. Toronto Dominion Bank now owns 27,563 shares of the company's stock worth $106,000 after acquiring an additional 23,230 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Orla Mining by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company's stock worth $679,000 after purchasing an additional 4,827 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings 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 valued at $1,812,000 after purchasing an additional 150,000 shares during the period. Institutional investors and hedge funds own 43.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ORLA shares. Scotiabank raised 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 Performance

Shares of ORLA stock traded up $0.15 during trading on Friday, hitting $6.08. 602,343 shares of the company were exchanged, compared to its average volume of 465,824. Orla Mining Ltd. has a twelve month low of $3.16 and a twelve month high of $6.25. 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 stock has a market cap of $1.96 billion, a P/E ratio of -607.39 and a beta of 0.69.

Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). The firm had revenue of $99.31 million during the quarter. Orla Mining had a return on equity of 17.04% and a net margin of 1.42%. Research analysts anticipate 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.