D. E. Shaw & Co. Inc. Sells 57,200 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

D. E. Shaw & Co. Inc. lowered its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 271,000 shares of the company's stock after selling 57,200 shares during the period. D. E. Shaw & Co. Inc. owned about 0.08% of Orla Mining worth $1,500,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Orla Mining by 262.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company's stock valued at $1,138,000 after acquiring an additional 205,911 shares during the last quarter. Stratos Wealth Advisors LLC lifted its position in shares of Orla Mining by 39.4% during the fourth quarter. Stratos Wealth Advisors LLC now owns 50,185 shares of the company's stock worth $278,000 after purchasing an additional 14,185 shares during the last quarter. Quattro Financial Advisors LLC grew its stake in Orla Mining by 106.9% in the fourth quarter. Quattro Financial Advisors LLC now owns 118,615 shares of the company's stock worth $707,000 after purchasing an additional 61,280 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Orla Mining by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company's stock valued at $2,500,000 after buying an additional 2,000 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Orla Mining by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 392,364 shares of the company's stock valued at $2,174,000 after buying an additional 7,667 shares in the last quarter. Institutional investors and hedge funds own 43.04% of the company's stock.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA traded down $0.14 during trading hours on Wednesday, hitting $10.08. 127,981 shares of the stock were exchanged, compared to its average volume of 1,148,554. Orla Mining Ltd. has a one year low of $3.24 and a one year high of $11.95. The company's 50 day moving average is $10.00 and its 200 day moving average is $6.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The firm has a market capitalization of $3.25 billion, a P/E ratio of -1,006.69 and a beta of 0.71.

Wall Street Analyst Weigh In

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

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.