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

TD Cowen began coverage on shares of Orla Mining (NYSEAMERICAN:ORLA) in a research report released on Tuesday, MarketBeat.com reports. The brokerage issued a hold rating on the stock.

ORLA has been the topic of a number of other reports. Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st.

Orla Mining Stock Up 4.7 %

ORLA stock opened at $6.50 on Tuesday. Orla Mining has a twelve month low of $3.16 and a twelve month high of $6.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The company has a market cap of $2.09 billion, a P/E ratio of -649.35 and a beta of 0.71.

Orla Mining (NYSEAMERICAN:ORLA) last issued its earnings results 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 net margin of 1.42% and a return on equity of 17.04%. The business had revenue of $99.31 million for the quarter. As a group, sell-side analysts expect that Orla Mining will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Orla Mining

Several large investors have recently made changes to their positions in ORLA. Renaissance Technologies LLC bought a new stake in Orla Mining during the second quarter worth approximately $102,000. The Manufacturers Life Insurance Company increased its stake in Orla Mining by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock worth $679,000 after acquiring an additional 4,827 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Orla Mining by 50.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock worth $1,812,000 after acquiring an additional 150,000 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Orla Mining during the third quarter worth approximately $43,000. Finally, CWA Asset Management Group LLC bought a new stake in Orla Mining during the third quarter worth approximately $5,927,000. 43.04% of the stock is owned by institutional investors.

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.