The Manufacturers Life Insurance Company Buys 4,827 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

The Manufacturers Life Insurance Company grew its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 177,136 shares of the company’s stock after acquiring an additional 4,827 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of Orla Mining worth $679,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ORLA. Allspring Global Investments Holdings LLC bought a new stake in shares of Orla Mining during the 2nd quarter worth $1,151,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Orla Mining during the 1st quarter worth $893,000. Goehring & Rozencwajg Associates LLC lifted its position in shares of Orla Mining by 16.3% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock worth $4,969,000 after buying an additional 181,900 shares during the last quarter. U S Global Investors Inc. lifted its position in shares of Orla Mining by 20.7% during the 2nd quarter. U S Global Investors Inc. now owns 301,660 shares of the company’s stock worth $1,282,000 after buying an additional 51,660 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Orla Mining by 92.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,883 shares of the company’s stock worth $218,000 after buying an additional 27,315 shares during the last quarter. 43.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased their target price on Orla Mining from $5.75 to $6.00 and gave the company a “sector perform” rating in a research report on Friday.

Orla Mining Trading Up 0.3 %

Shares of NYSEAMERICAN:ORLA opened at $4.52 on Tuesday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -90.30 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.02 and a current ratio of 5.89. Orla Mining Ltd. has a 52-week low of $2.60 and a 52-week high of $4.64.

Orla Mining (NYSEAMERICAN:ORLA) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $84.57 million for the quarter. Orla Mining had a positive return on equity of 14.36% and a negative net margin of 4.12%. On average, research analysts expect that Orla Mining Ltd. will post 0.23 earnings per share for the current fiscal year.

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.