41,298 Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA) Purchased by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has invested approximately $380,000 in Orla Mining Ltd., acquiring 41,298 shares during the first quarter.
• Institutional investments in Orla Mining have increased, with Allspring Global Investments raising its stake by 11.5% and Two Sigma Investments expanding its holdings by 453.8%.
• Wall Street analysts have an average rating of "Buy" for Orla Mining, with a target price of $14.50, indicating anticipated growth for the company.

Baader Bank Aktiengesellschaft bought a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,298 shares of the company's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mariner LLC purchased a new position in shares of Orla Mining in the fourth quarter worth $58,000. Scotia Capital Inc. acquired a new stake in shares of Orla Mining in the fourth quarter worth $67,000. Two Sigma Advisers LP acquired a new stake in shares of Orla Mining in the fourth quarter worth $84,000. Banque Cantonale Vaudoise acquired a new stake in shares of Orla Mining in the first quarter worth $86,000. Finally, Walleye Capital LLC increased its stake 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 worth $106,000 after acquiring an additional 1,764 shares during the period. Hedge funds and other institutional investors own 43.04% of the company's stock.

Orla Mining Price Performance

Shares of ORLA traded up $0.34 during trading hours on Monday, reaching $9.86. The company had a trading volume of 343,350 shares, compared to its average volume of 1,324,457. The firm has a 50 day simple moving average of $10.72 and a 200-day simple moving average of $8.90. 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 market capitalization of $3.21 billion, a price-to-earnings ratio of -986.70 and a beta of 0.34. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $12.83.

Wall Street Analysts Forecast Growth

Separately, CIBC restated an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $14.50.

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.