Allspring Global Investments Holdings LLC raised its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 11.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 504,000 shares of the company's stock after acquiring an additional 52,000 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.16% of Orla Mining worth $4,708,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP purchased a new stake in Orla Mining in the 4th quarter worth approximately $129,000. Raymond James Financial Inc. bought a new position in shares of Orla Mining during the 4th quarter valued at approximately $173,000. Amundi boosted its position in shares of Orla Mining by 6.7% during the 4th quarter. Amundi now owns 2,475,689 shares of the company's stock valued at $14,483,000 after acquiring an additional 155,200 shares during the last quarter. Net Worth Advisory Group bought a new stake in Orla Mining in the fourth quarter worth $241,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Orla Mining in the fourth quarter worth $9,668,000. Institutional investors own 43.04% of the company's stock.
Orla Mining Trading Down 0.6%
NYSEAMERICAN:ORLA traded down $0.07 during trading hours on Monday, hitting $10.08. The company had a trading volume of 180,061 shares, compared to its average volume of 878,012. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $10.47 and a 200 day moving average of $7.96. The company has a market cap of $3.28 billion, a P/E ratio of -1,005.40 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.
Wall Street Analyst Weigh In
Separately, Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. 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, Orla Mining has a consensus rating of "Buy" and an average target price of $6.00.
Read Our Latest Analysis on Orla Mining
Orla Mining Profile
(
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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