Orla Mining (NYSEAMERICAN:ORLA) Upgraded at TD Securities

TD Securities upgraded shares of Orla Mining (NYSEAMERICAN:ORLAFree Report) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. TD Cowen started coverage on Orla Mining in a research report on Tuesday. They issued a “hold” rating for the company. Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Orla Mining presently has a consensus rating of “Moderate Buy” and an average price target of $6.13.

Read Our Latest Analysis on Orla Mining

Orla Mining Price Performance

Shares of ORLA stock opened at $6.91 on Tuesday. Orla Mining has a 12-month low of $3.16 and a 12-month high of $6.95. The company has a market capitalization of $2.22 billion, a P/E ratio of -690.31 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

Orla Mining (NYSEAMERICAN:ORLAGet Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business 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%. Equities research analysts anticipate that Orla Mining will post 0.23 EPS for the current year.

Institutional Trading of Orla Mining

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Orla Mining in the third quarter worth $43,000. Kitching Partners LLC acquired a new position in shares of Orla Mining in the third quarter worth $48,000. Walleye Capital LLC acquired a new position in shares of Orla Mining in the third quarter worth $69,000. DF Dent & Co. Inc. acquired a new position in shares of Orla Mining in the third quarter worth $80,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Orla Mining in the third quarter worth $90,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Orla Mining Company Profile

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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.

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