Intact Investment Management Inc. boosted its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 608,929 shares of the company's stock after acquiring an additional 33,440 shares during the period. Intact Investment Management Inc. owned about 0.19% of Orla Mining worth $5,688,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ORLA. Renaissance Technologies LLC increased its position in Orla Mining by 103.1% in the 4th quarter. Renaissance Technologies LLC now owns 178,300 shares of the company's stock valued at $988,000 after acquiring an additional 90,500 shares during the period. Raymond James Financial Inc. acquired a new stake in Orla Mining during the 4th quarter worth approximately $173,000. Two Sigma Investments LP grew its stake in shares of Orla Mining by 453.8% in the 4th 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 last quarter. Russell Investments Group Ltd. purchased a new stake in Orla Mining during the fourth quarter worth $131,000. Finally, BNP Paribas Financial Markets acquired a new stake in Orla Mining in the fourth quarter valued at $181,000. Institutional investors and hedge funds own 43.04% of the company's stock.
Analysts Set New Price Targets
Separately, Stifel Canada raised Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Two 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 currently has an average rating of "Buy" and a consensus target price of $6.00.
Get Our Latest Analysis on ORLA
Orla Mining Trading Down 2.6%
Shares of ORLA stock traded down $0.26 during trading hours on Wednesday, hitting $9.85. 1,225,069 shares of the company were exchanged, compared to its average volume of 857,000. The firm has a fifty day moving average of $10.65 and a 200 day moving average of $7.66. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. Orla Mining Ltd. has a 1 year low of $3.24 and a 1 year high of $12.43. The firm has a market cap of $3.20 billion, a PE ratio of 31.59 and a beta of 0.38.
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.
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