Quattro Financial Advisors LLC Boosts Stock Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Quattro Financial Advisors LLC raised its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 106.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 118,615 shares of the company’s stock after purchasing an additional 61,280 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Orla Mining were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORLA. CWA Asset Management Group LLC lifted its holdings in shares of Orla Mining by 20.6% in the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock valued at $9,897,000 after buying an additional 304,748 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Orla Mining by 67.2% in the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock valued at $1,192,000 after acquiring an additional 118,961 shares during the period. Barclays PLC lifted its holdings in Orla Mining by 86.5% in the third quarter. Barclays PLC now owns 47,177 shares of the company’s stock valued at $189,000 after acquiring an additional 21,877 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Orla Mining by 262.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock worth $1,138,000 after purchasing an additional 205,911 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Orla Mining by 50.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock worth $1,812,000 after purchasing an additional 150,000 shares during the period. Institutional investors and hedge funds own 43.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Scotiabank raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday. TD Cowen began coverage on Orla Mining in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Desjardins raised Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Orla Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.13.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $7.22 on Friday. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 30.83 and a beta of 0.71. Orla Mining Ltd. has a twelve month low of $3.16 and a twelve month high of $7.27.

Orla Mining (NYSEAMERICAN:ORLA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Orla Mining had a return on equity of 17.04% and a net margin of 1.42%. The business had revenue of $99.31 million for the quarter. On average, equities analysts anticipate that Orla Mining Ltd. will post 0.23 earnings per share for the current year.

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.