Orla Mining (NYSEAMERICAN:ORLA) Upgraded at Desjardins

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

Separately, Scotiabank raised their price target on shares of Orla Mining from $5.75 to $6.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th.

Orla Mining Trading Down 1.9 %

Shares of NYSEAMERICAN ORLA opened at $4.74 on Thursday. 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 has a 1 year low of $2.60 and a 1 year high of $5.16. The company has a market capitalization of $1.52 billion, a P/E ratio of -94.80 and a beta of 0.78.

Orla Mining (NYSEAMERICAN:ORLA) last announced its earnings results on Monday, August 12th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Orla Mining had a positive return on equity of 14.36% and a negative net margin of 4.12%. The firm had revenue of $84.57 million for the quarter. As a group, research analysts expect that Orla Mining will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Orla Mining

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in shares of Orla Mining in the third quarter worth $43,000. Renaissance Technologies LLC bought a new position in Orla Mining in the 2nd quarter worth about $102,000. Toronto Dominion Bank raised its holdings in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $218,000 after acquiring an additional 27,315 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of 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 purchasing an additional 4,827 shares in the last quarter. 43.04% of the stock is owned by institutional investors.

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.