Orla Mining (NYSEAMERICAN:ORLA) Upgraded by Desjardins to Moderate Buy Rating

Desjardins upgraded shares of Orla Mining (NYSEAMERICAN:ORLA) to a moderate buy rating in a report released on Thursday morning, Zacks.com reports.

Separately, Scotiabank raised their price objective on Orla Mining from $5.75 to $6.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $4.74 on Thursday. Orla Mining has a one year low of $2.60 and a one year high of $5.16. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -94.80 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.89 and a quick ratio of 5.02.

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, meeting the consensus estimate of $0.07. The business had revenue of $84.57 million during the quarter. Orla Mining had a positive return on equity of 14.36% and a negative net margin of 4.12%. As a group, analysts anticipate that Orla Mining will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On Orla Mining

Several large investors have recently made changes to their positions in ORLA. CWA Asset Management Group LLC acquired a new stake in Orla Mining in the 3rd quarter valued at about $5,927,000. International Assets Investment Management LLC acquired a new stake in Orla Mining in the 3rd quarter valued at about $43,000. Allspring Global Investments Holdings LLC increased its position in Orla Mining by 50.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock valued at $1,812,000 after acquiring an additional 150,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Orla Mining by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock valued at $679,000 after acquiring an additional 4,827 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in Orla Mining by 536.1% in the 2nd quarter. Toronto Dominion Bank now owns 27,563 shares of the company’s stock valued at $106,000 after acquiring an additional 23,230 shares in the last quarter. Institutional investors own 43.04% of the company’s stock.

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.