D.A. Davidson & CO. Has $1.61 Million Stock Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

D.A. Davidson & CO. trimmed its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 56.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 172,372 shares of the company's stock after selling 219,992 shares during the quarter. D.A. Davidson & CO. owned approximately 0.05% of Orla Mining worth $1,612,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Aigen Investment Management LP purchased a new stake in shares of Orla Mining in the fourth quarter valued at $129,000. Raymond James Financial Inc. acquired a new stake in shares of Orla Mining during the fourth quarter valued at $173,000. Amundi boosted its stake in shares of Orla Mining by 6.7% during the fourth quarter. Amundi now owns 2,475,689 shares of the company's stock valued at $14,483,000 after acquiring an additional 155,200 shares during the last quarter. Net Worth Advisory Group acquired a new stake in shares of Orla Mining during the fourth quarter valued at $241,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Orla Mining in the fourth quarter valued at approximately $9,668,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA traded down $0.43 during mid-day trading on Tuesday, hitting $10.21. The company had a trading volume of 1,499,707 shares, compared to its average volume of 1,325,073. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of -1,021.00 and a beta of 0.35. Orla Mining Ltd. has a 12 month low of $3.24 and a 12 month high of $12.43. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.62. The firm's 50 day simple moving average is $10.46 and its two-hundred day simple moving average is $8.00.

Analyst Ratings Changes

Separately, Stifel Canada upgraded 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $6.00.

Orla Mining 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.