TD Securities Upgrades Orla Mining (NYSEAMERICAN:ORLA) to “Hold”

Orla Mining (NYSEAMERICAN:ORLA) was upgraded by investment analysts at TD Securities to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on ORLA. Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, TD Cowen initiated coverage on Orla Mining in a research report on Tuesday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.13.

Orla Mining Stock Up 6.3 %

Shares of ORLA opened at $6.91 on Tuesday. The company has a market cap of $2.22 billion, a PE ratio of -690.31 and a beta of 0.71. Orla Mining has a twelve month low of $3.16 and a twelve month high of $6.95. 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:ORLA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $99.31 million during the quarter. Orla Mining had a net margin of 1.42% and a return on equity of 17.04%. On average, sell-side analysts predict that Orla Mining will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Orla Mining

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of Orla Mining during the 3rd quarter worth $43,000. Kitching Partners LLC bought a new stake in shares of Orla Mining during the 3rd quarter worth $48,000. Walleye Capital LLC bought a new stake in shares of Orla Mining during the 3rd quarter worth $69,000. DF Dent & Co. Inc. bought a new stake in shares of Orla Mining during the 3rd quarter worth $80,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Orla Mining during the 3rd quarter worth $90,000. 43.04% of the stock is currently 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.