Cubist Systematic Strategies LLC Has $388,000 Position in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Cubist Systematic Strategies LLC increased its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 132.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,021 shares of the company's stock after purchasing an additional 39,892 shares during the period. Cubist Systematic Strategies LLC's holdings in Orla Mining were worth $388,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Orla Mining during the 4th quarter worth approximately $181,000. AlTi Global Inc. acquired a new position in Orla Mining during the fourth quarter worth $1,650,000. Parvin Asset Management LLC acquired a new position in Orla Mining during the fourth quarter worth $136,000. The Manufacturers Life Insurance Company raised its position in Orla Mining by 197.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company's stock worth $4,882,000 after acquiring an additional 584,257 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in Orla Mining by 141.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 447,224 shares of the company's stock worth $2,478,000 after acquiring an additional 261,696 shares during the period. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Price Performance

Shares of ORLA traded down $0.05 during trading hours on Thursday, reaching $10.17. 584,600 shares of the company traded hands, compared to its average volume of 699,760. 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 capitalization of $3.28 billion, a PE ratio of -1,016.58 and a beta of 0.71. Orla Mining Ltd. has a fifty-two week low of $3.24 and a fifty-two week high of $11.95. The stock has a fifty day simple moving average of $9.91 and a 200 day simple moving average of $6.76.

Wall Street Analyst Weigh In

ORLA has been the subject of several recent analyst reports. TD Securities upgraded shares of Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Stifel Canada raised Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, TD Cowen assumed coverage on Orla Mining in a report on Tuesday, February 4th. They issued a "hold" rating for the company. Two research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $6.00.

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.