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

TD Cowen assumed coverage on shares of Orla Mining (NYSEAMERICAN:ORLA - Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage issued a hold rating on the stock.

A number of other research analysts also recently issued reports on the company. Scotiabank upgraded Orla Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Desjardins raised shares of Orla Mining to a "moderate buy" rating in a research note on Thursday, October 31st. Two research 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $6.13.

Orla Mining Stock Up 1.8 %

Shares of NYSEAMERICAN ORLA traded up $0.13 during midday trading on Tuesday, hitting $7.22. The stock had a trading volume of 1,088,272 shares, compared to its average volume of 649,523. The stock has a market capitalization of $2.32 billion, a P/E ratio of -721.28 and a beta of 0.71. Orla Mining has a fifty-two week low of $3.16 and a fifty-two week high of $7.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last posted 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). The company had revenue of $99.31 million during the quarter. Orla Mining had a net margin of 1.42% and a return on equity of 17.04%. On average, equities research analysts forecast that Orla Mining will post 0.23 EPS for the current year.

Institutional Trading of Orla Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORLA. Renaissance Technologies LLC acquired a new position in shares of Orla Mining in the 2nd quarter valued at about $102,000. The Manufacturers Life Insurance Company increased its holdings in 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. Allspring Global Investments Holdings LLC lifted its stake in 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 buying an additional 150,000 shares during the period. International Assets Investment Management LLC bought a new position in shares of Orla Mining during the 3rd quarter worth approximately $43,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Orla Mining during the 3rd quarter worth approximately $5,927,000. Institutional investors and hedge funds 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.