National Bank of Canada FI Grows Position in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

National Bank of Canada FI raised its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. CWA Asset Management Group LLC lifted its holdings in Orla Mining by 63.3% during the first quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock valued at $27,284,000 after purchasing an additional 1,131,625 shares during the last quarter. TD Asset Management Inc increased its position in shares of Orla Mining by 15.7% during the first quarter. TD Asset Management Inc now owns 2,780,946 shares of the company's stock valued at $25,969,000 after buying an additional 378,015 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in shares of Orla Mining by 2.2% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,397,753 shares of the company's stock valued at $12,951,000 after buying an additional 30,722 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Orla Mining by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 974,951 shares of the company's stock valued at $5,401,000 after buying an additional 82,754 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Orla Mining by 197.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company's stock valued at $4,882,000 after buying an additional 584,257 shares during the period. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $9.71 on Thursday. The firm has a market cap of $3.16 billion, a PE ratio of 194.24 and a beta of 0.34. Orla Mining Ltd. has a fifty-two week low of $3.67 and a fifty-two week high of $12.83. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.81. The business has a 50 day moving average price of $10.62 and a 200-day moving average price of $9.17.

Wall Street Analysts Forecast Growth

Separately, CIBC reiterated an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Orla Mining presently has a consensus rating of "Buy" and a consensus target price 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.

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