Orla Mining Ltd. (NYSEAMERICAN:ORLA) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 11.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 504,000 shares of the company's stock after purchasing an additional 52,000 shares during the period. Allspring Global Investments Holdings LLC owned 0.16% of Orla Mining worth $4,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ORLA. Mariner LLC bought a new position in shares of Orla Mining in the 4th quarter valued at about $58,000. Scotia Capital Inc. bought a new position in shares of Orla Mining in the 4th quarter valued at about $67,000. Two Sigma Advisers LP bought a new position in shares of Orla Mining in the 4th quarter valued at about $84,000. Walleye Capital LLC lifted its holdings in shares of Orla Mining by 10.2% in the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock valued at $106,000 after acquiring an additional 1,764 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of Orla Mining by 11.8% in the 4th quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock valued at $107,000 after acquiring an additional 2,048 shares during the last quarter. Institutional investors own 43.04% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $6.00.

Orla Mining Stock Performance

Shares of NYSEAMERICAN:ORLA traded up $0.09 on Friday, hitting $10.14. 582,132 shares of the company were exchanged, compared to its average volume of 880,714. The stock's 50 day moving average price is $10.47 and its 200 day moving average price is $7.94. The firm has a market capitalization of $3.30 billion, a P/E ratio of -1,014.00 and a beta of 0.35. Orla Mining Ltd. has a 1-year low of $3.24 and a 1-year high of $12.43. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92.

Orla Mining Company Profile

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.