National Bank of Canada FI Buys 38,466 Shares of Orla Mining Ltd. $ORLA

National Bank of Canada FI increased its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 472,192 shares of the company's stock after purchasing an additional 38,466 shares during the quarter. National Bank of Canada FI owned approximately 0.15% of Orla Mining worth $4,386,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. CWA Asset Management Group LLC increased its stake in Orla Mining by 63.3% in the 1st quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock worth $27,284,000 after buying an additional 1,131,625 shares in the last quarter. TD Asset Management Inc increased its stake in Orla Mining by 15.7% in the 1st quarter. TD Asset Management Inc now owns 2,780,946 shares of the company's stock worth $25,969,000 after buying an additional 378,015 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in Orla Mining by 2.2% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,397,753 shares of the company's stock worth $12,951,000 after buying an additional 30,722 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Orla Mining by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 974,951 shares of the company's stock worth $5,401,000 after buying an additional 82,754 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Orla Mining by 197.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company's stock worth $4,882,000 after buying an additional 584,257 shares in the last quarter. 43.04% of the stock is owned by institutional investors.

Orla Mining Trading Up 0.5%

Shares of Orla Mining stock traded up $0.05 on Monday, hitting $9.93. 444,025 shares of the company traded hands, compared to its average volume of 1,330,696. The stock's 50 day moving average price is $10.55 and its 200-day moving average price is $9.27. The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. Orla Mining Ltd. has a 52 week low of $3.81 and a 52 week high of $12.83. The company has a market cap of $3.23 billion, a PE ratio of 198.46 and a beta of 0.34.

Wall Street Analysts Forecast Growth

Separately, CIBC reiterated an "outperform" rating on shares of Orla Mining in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $14.50.

About Orla Mining

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.