Nuveen LLC Makes New $1.70 Million Investment in Orla Mining Ltd. $ORLA

Key Points

• Nuveen LLC has invested approximately $1.70 million in Orla Mining Ltd., acquiring 182,002 shares, which represents about 0.06% of the company's stock.
• Other institutional investors have significantly increased their holdings in Orla Mining, with Connor Clark & Lunn Investment Management growing their position by 119.8% during the same quarter.
• Orla Mining has a consensus rating of "Buy" from analysts, with an average price target of $14.50, indicating positive market outlook for the stock.

Nuveen LLC bought a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 182,002 shares of the company's stock, valued at approximately $1,700,000. Nuveen LLC owned about 0.06% of Orla Mining at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aigen Investment Management LP boosted its holdings in Orla Mining by 64.3% in the first quarter. Aigen Investment Management LP now owns 38,288 shares of the company's stock worth $358,000 after purchasing an additional 14,987 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Orla Mining by 119.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,843,000 shares of the company's stock worth $35,898,000 after purchasing an additional 2,094,800 shares during the last quarter. PCJ Investment Counsel Ltd. purchased a new stake in Orla Mining in the first quarter worth approximately $1,370,000. National Bank of Canada FI boosted its holdings in Orla Mining by 8.9% in the first quarter. National Bank of Canada FI now owns 472,192 shares of the company's stock worth $4,386,000 after purchasing an additional 38,466 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Orla Mining by 14.0% in the first quarter. Deutsche Bank AG now owns 29,021 shares of the company's stock worth $271,000 after purchasing an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 43.04% of the company's stock.

Analyst Ratings Changes

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

Orla Mining Stock Performance

NYSEAMERICAN ORLA traded down $0.17 during mid-day trading on Thursday, reaching $11.27. 852,643 shares of the stock were exchanged, compared to its average volume of 1,266,262. The business's 50 day moving average is $10.51 and its 200-day moving average is $9.80. Orla Mining Ltd. has a 1 year low of $3.81 and a 1 year high of $12.83. The company has a market capitalization of $3.67 billion, a P/E ratio of 225.45 and a beta of 0.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.85.

Orla Mining 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.