CWA Asset Management Group LLC lessened its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,543,641 shares of the company's stock after selling 374,399 shares during the period. Orla Mining comprises 1.1% of CWA Asset Management Group LLC's portfolio, making the stock its 18th biggest holding. CWA Asset Management Group LLC owned approximately 0.78% of Orla Mining worth $25,487,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in shares of Orla Mining by 4.6% in the first quarter. Russell Investments Group Ltd. now owns 24,735 shares of the company's stock valued at $231,000 after buying an additional 1,093 shares during the period. Baldwin Wealth Partners LLC MA lifted its stake in shares of Orla Mining by 11.4% in the first quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company's stock valued at $146,000 after buying an additional 1,600 shares during the period. Salem Investment Counselors Inc. bought a new stake in shares of Orla Mining in the second quarter valued at about $30,000. Deutsche Bank AG lifted its stake in shares of Orla Mining by 14.0% in the first quarter. Deutsche Bank AG now owns 29,021 shares of the company's stock valued at $271,000 after buying an additional 3,575 shares during the period. Finally, Baron Wealth Management LLC lifted its stake in shares of Orla Mining by 39.1% in the second quarter. Baron Wealth Management LLC now owns 17,304 shares of the company's stock valued at $173,000 after buying an additional 4,868 shares during the period. Institutional investors own 43.04% of the company's stock.
Analyst Ratings Changes
Separately, CIBC reissued 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 Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $14.50.
Get Our Latest Stock Analysis on Orla Mining
Orla Mining Stock Performance
NYSEAMERICAN:ORLA opened at $10.81 on Friday. Orla Mining Ltd. has a 12-month low of $3.81 and a 12-month high of $12.91. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.52 billion, a PE ratio of 216.24 and a beta of 0.35. The firm has a 50-day moving average price of $10.68 and a 200 day moving average price of $10.40.
About Orla Mining
(
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.
Further Reading
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