Orla Mining Ltd. (NYSEAMERICAN:ORLA) Shares Acquired by Amundi

Amundi increased its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,475,689 shares of the company’s stock after purchasing an additional 155,200 shares during the quarter. Amundi owned 0.77% of Orla Mining worth $14,483,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Orla Mining by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock valued at $2,500,000 after buying an additional 2,000 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Orla Mining by 2.0% in the fourth quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock worth $2,174,000 after acquiring an additional 7,667 shares during the last quarter. Kitching Partners LLC purchased a new stake in Orla Mining in the third quarter valued at approximately $48,000. Geode Capital Management LLC raised its stake in Orla Mining by 11.9% during the third quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock worth $463,000 after purchasing an additional 12,159 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of Orla Mining by 39.4% in the 4th quarter. Stratos Wealth Advisors LLC now owns 50,185 shares of the company’s stock valued at $278,000 after purchasing an additional 14,185 shares during the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORLA has been the topic of several research reports. TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. TD Cowen initiated coverage on Orla Mining in a research report on Tuesday, February 4th. They issued a “hold” rating on the stock. Finally, Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.13.

Orla Mining Trading Up 5.1 %

ORLA opened at $8.71 on Friday. Orla Mining Ltd. has a twelve month low of $3.24 and a twelve month high of $8.78. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -870.13 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The company’s fifty day moving average price is $6.48.

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.