BNP Paribas Financial Markets Buys New Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

BNP Paribas Financial Markets bought a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,597 shares of the company's stock, valued at approximately $181,000.

Several other large investors have also added to or reduced their stakes in the business. Mariner LLC bought a new position in Orla Mining in the fourth quarter worth approximately $58,000. Scotia Capital Inc. bought a new position in Orla Mining in the fourth quarter worth approximately $67,000. Walleye Capital LLC lifted its holdings in shares of Orla Mining by 10.2% in the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock valued at $106,000 after purchasing an additional 1,764 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Orla Mining in the fourth quarter valued at approximately $129,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Orla Mining in the fourth quarter valued at approximately $131,000. Institutional investors and hedge funds own 43.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORLA. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. TD Securities upgraded Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Finally, TD Cowen began coverage on Orla Mining in a report on Tuesday, February 4th. They issued a "hold" rating on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Orla Mining has an average rating of "Buy" and an average target price of $6.00.

Orla Mining Price Performance

ORLA traded up $0.22 during trading on Tuesday, reaching $11.18. The stock had a trading volume of 759,268 shares, compared to its average volume of 716,779. The stock has a market cap of $3.60 billion, a PE ratio of -1,116.88 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. Orla Mining Ltd. has a one year low of $3.24 and a one year high of $11.95. The business has a 50-day moving average of $10.16 and a 200-day moving average of $7.01.

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.