Oppenheimer & Co. Inc. acquired a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,418 shares of the company's stock, valued at approximately $238,000.
A number of other large investors also recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Orla Mining by 17.3% in the fourth quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after buying an additional 3,553,481 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Orla Mining by 0.4% in the fourth quarter. Franklin Resources Inc. now owns 7,578,812 shares of the company's stock valued at $41,914,000 after buying an additional 31,700 shares during the last quarter. CWA Asset Management Group LLC raised its position in shares of Orla Mining by 63.3% in 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 buying an additional 1,131,625 shares during the last quarter. Amundi raised its position in shares of Orla Mining by 6.7% in the fourth quarter. Amundi now owns 2,475,689 shares of the company's stock valued at $14,483,000 after buying an additional 155,200 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Orla Mining in the fourth quarter valued at about $11,944,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $6.00.
Get Our Latest Stock Report on Orla Mining
Orla Mining Stock Up 0.9%
Orla Mining stock traded up $0.09 during trading on Friday, reaching $10.14. The stock had a trading volume of 582,132 shares, compared to its average volume of 880,714. 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 52-week low of $3.24 and a 52-week high of $12.43. The business has a 50 day moving average price of $10.47 and a 200 day moving average price of $7.94. The stock has a market cap of $3.30 billion, a PE ratio of -1,014.00 and a beta of 0.35.
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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