Bank of America Corp DE Sells 109,181 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Bank of America Corp DE cut its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 746,396 shares of the company's stock after selling 109,181 shares during the quarter. Bank of America Corp DE owned about 0.23% of Orla Mining worth $4,135,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mariner LLC bought a new position in Orla Mining in the fourth quarter valued at about $58,000. Scotia Capital Inc. acquired a new stake in shares of Orla Mining during the fourth quarter valued at about $67,000. Walleye Capital LLC boosted 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 valued at $106,000 after purchasing an additional 1,764 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Orla Mining during the fourth quarter valued at about $129,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Orla Mining during the fourth quarter valued at about $131,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Orla Mining Stock Performance

Shares of NYSEAMERICAN:ORLA traded up $0.24 during mid-day trading on Friday, reaching $10.52. The company had a trading volume of 944,852 shares, compared to its average volume of 712,328. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $10.08 and its 200-day moving average price is $6.96. Orla Mining Ltd. has a one year low of $3.24 and a one year high of $11.95. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of -1,050.95 and a beta of 0.71.

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.