Intact Investment Management Inc. lifted its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 608,929 shares of the company's stock after purchasing an additional 33,440 shares during the quarter. Intact Investment Management Inc. owned 0.19% of Orla Mining worth $5,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Mariner LLC bought a new stake in Orla Mining in the fourth quarter worth approximately $58,000. Scotia Capital Inc. acquired a new stake in shares of Orla Mining in the fourth quarter worth $67,000. Two Sigma Advisers LP acquired a new stake in shares of Orla Mining in the fourth quarter worth $84,000. Walleye Capital LLC grew its stake in shares of Orla Mining by 10.2% in the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after acquiring an additional 1,764 shares during the last quarter. Finally, Gotham Asset Management LLC grew its stake in shares of Orla Mining by 11.8% in the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock worth $107,000 after acquiring an additional 2,048 shares during the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.
Orla Mining Price Performance
Shares of Orla Mining stock traded up $0.19 during trading on Friday, reaching $11.25. The company's stock had a trading volume of 17,602,290 shares, compared to its average volume of 835,654. The stock has a 50-day moving average price of $10.69 and a two-hundred day moving average price of $7.59. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. Orla Mining Ltd. has a one year low of $3.24 and a one year high of $12.43. The stock has a market capitalization of $3.66 billion, a P/E ratio of -1,125.00 and a beta of 0.38.
Analyst Ratings Changes
Separately, Stifel Canada upgraded shares of 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 issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $6.00.
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About Orla Mining
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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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