Orla Mining Ltd. (NYSEAMERICAN:ORLA) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 63.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,918,040 shares of the company's stock after acquiring an additional 1,131,625 shares during the quarter. Orla Mining comprises approximately 1.3% of CWA Asset Management Group LLC's investment portfolio, making the stock its 9th biggest position. CWA Asset Management Group LLC owned about 0.91% of Orla Mining worth $27,284,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ORLA. Renaissance Technologies LLC lifted its holdings in shares of Orla Mining by 103.1% in the 4th quarter. Renaissance Technologies LLC now owns 178,300 shares of the company's stock worth $988,000 after acquiring an additional 90,500 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Orla Mining in the 4th quarter valued at approximately $173,000. Two Sigma Investments LP raised its position in Orla Mining by 453.8% in the fourth quarter. Two Sigma Investments LP now owns 360,170 shares of the company's stock valued at $1,995,000 after purchasing an additional 295,133 shares during the period. Russell Investments Group Ltd. acquired a new position in Orla Mining during the fourth quarter worth $131,000. Finally, BNP Paribas Financial Markets acquired a new position in Orla Mining during the fourth quarter worth $181,000. Hedge funds and other institutional investors own 43.04% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Orla Mining presently has a consensus rating of "Buy" and a consensus price target of $6.00.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA traded down $0.28 during trading hours on Thursday, reaching $11.06. 2,415,275 shares of the company's stock were exchanged, compared to its average volume of 766,131. Orla Mining Ltd. has a 1-year low of $3.24 and a 1-year high of $12.43. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -1,106.00 and a beta of 0.38. The company has a 50-day moving average of $10.68 and a 200 day moving average of $7.52.

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.