Federation des caisses Desjardins du Quebec Sells 447,744 Shares of Orla Mining Ltd. $ORLA

Key Points

• The Federation des caisses Desjardins du Quebec has significantly reduced its stake in Orla Mining Ltd. by 67.1%, owning 219,122 shares after selling 447,744 shares in the first quarter.
• CIBC has maintained an "outperform" rating on Orla Mining, with an average stock rating of "Buy" and a consensus price target of $14.50.
• Orla Mining's stock has shown substantial price fluctuations, with a twelve-month low of $3.81 and a high of $12.83, while the company has a market capitalization of $3.82 billion.

Federation des caisses Desjardins du Quebec lessened its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,122 shares of the company's stock after selling 447,744 shares during the period. Federation des caisses Desjardins du Quebec owned about 0.07% of Orla Mining worth $2,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Russell Investments Group Ltd. boosted its position 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 worth $231,000 after buying an additional 1,093 shares during the period. Baldwin Wealth Partners LLC MA boosted its position in Orla Mining by 11.4% during the first quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company's stock valued at $146,000 after purchasing an additional 1,600 shares during the last quarter. Gotham Asset Management LLC boosted its position in Orla Mining by 11.8% during the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock valued at $107,000 after purchasing an additional 2,048 shares during the last quarter. Deutsche Bank AG boosted its position in Orla Mining by 14.0% during the first quarter. Deutsche Bank AG now owns 29,021 shares of the company's stock valued at $271,000 after purchasing an additional 3,575 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Orla Mining by 1.9% during the first quarter. American Century Companies Inc. now owns 440,059 shares of the company's stock valued at $4,110,000 after purchasing an additional 8,399 shares during the last quarter. Institutional investors and hedge funds own 43.04% of the company's stock.

Orla Mining Stock Performance

Shares of Orla Mining stock traded down $0.04 during trading on Friday, reaching $11.41. The company's stock had a trading volume of 446,869 shares, compared to its average volume of 1,345,863. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.85. The business's fifty day moving average price is $10.66 and its 200-day moving average price is $10.00. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 228.49 and a beta of 0.35. Orla Mining Ltd. has a one year low of $3.81 and a one year high of $12.83.

Analysts Set New Price Targets

Separately, CIBC reissued an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Orla Mining presently has an average rating of "Buy" and a consensus price target of $14.50.

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.