D.A. Davidson & CO. Invests $1.54 Million in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

D.A. Davidson & CO. bought a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the third quarter, Holdings Channel.com reports. The fund bought 384,697 shares of the company’s stock, valued at approximately $1,539,000.

Several other large investors have also recently bought and sold shares of the stock. CWA Asset Management Group LLC bought a new position in Orla Mining during the third quarter valued at about $5,927,000. Goehring & Rozencwajg Associates LLC raised its stake in shares of Orla Mining by 16.3% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock valued at $4,969,000 after purchasing an additional 181,900 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Orla Mining by 50.0% in the third 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. American Century Companies Inc. boosted its stake in Orla Mining by 4.3% during the second quarter. American Century Companies Inc. now owns 412,400 shares of the company’s stock worth $1,583,000 after buying an additional 17,100 shares in the last quarter. Finally, U S Global Investors Inc. boosted its stake in Orla Mining by 20.7% during the second quarter. U S Global Investors Inc. now owns 301,660 shares of the company’s stock worth $1,282,000 after buying an additional 51,660 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORLA has been the subject of a number of analyst reports. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday.

Orla Mining Stock Up 2.4 %

ORLA opened at $4.77 on Friday. The stock has a market capitalization of $1.53 billion, a PE ratio of -476.52 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. Orla Mining Ltd. has a twelve month low of $2.60 and a twelve month high of $5.16.

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.