Ewing Morris & Co. Investment Partners Ltd. bought a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 73,000 shares of the company's stock, valued at approximately $404,000.
A number of other hedge funds have also added to or reduced their stakes in ORLA. Mariner LLC purchased a new stake in shares of Orla Mining in the 4th quarter worth approximately $58,000. Scotia Capital Inc. acquired a new stake in Orla Mining in the fourth quarter valued at approximately $67,000. Walleye Capital LLC lifted its stake in shares of Orla Mining by 10.2% during the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after buying an additional 1,764 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Orla Mining during the fourth quarter worth $129,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Orla Mining during the fourth quarter worth $131,000. 43.04% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
ORLA has been the subject of several recent research reports. TD Securities raised shares of Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, TD Cowen assumed coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They issued a "hold" rating for the company. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Orla Mining currently has a consensus rating of "Buy" and a consensus price target of $6.13.
Read Our Latest Stock Analysis on ORLA
Orla Mining Trading Down 0.5%
Shares of Orla Mining stock traded down $0.04 during mid-day trading on Wednesday, hitting $8.81. The stock had a trading volume of 1,072,268 shares, compared to its average volume of 1,163,006. The firm has a 50-day moving average of $9.72 and a two-hundred day moving average of $6.65. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $11.95. 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 firm has a market cap of $2.84 billion, a P/E ratio of -880.12 and a beta of 0.71.
About Orla Mining
(
Free Report)
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.
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