Goehring & Rozencwajg Associates LLC grew its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,397,753 shares of the company's stock after buying an additional 30,722 shares during the quarter. Orla Mining makes up about 2.4% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 13th largest holding. Goehring & Rozencwajg Associates LLC owned approximately 0.43% of Orla Mining worth $12,951,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Mariner LLC bought a new stake in shares of Orla Mining during the 4th quarter worth about $58,000. Scotia Capital Inc. bought a new stake in Orla Mining in the 4th quarter valued at $67,000. Two Sigma Advisers LP bought a new position in shares of Orla Mining during the 4th quarter worth about $84,000. Walleye Capital LLC boosted its holdings in Orla Mining by 10.2% during the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock valued at $106,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its position in shares of Orla Mining by 11.8% during the 4th quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock worth $107,000 after buying an additional 2,048 shares during the period. 43.04% of the stock is currently owned by institutional investors and hedge funds.
Orla Mining Trading Up 0.9%
ORLA stock traded up $0.09 during trading on Friday, hitting $10.14. The company 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. The firm has a 50-day moving average price of $10.47 and a 200-day moving average price of $7.94. Orla Mining Ltd. has a 12 month low of $3.24 and a 12 month high of $12.43. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of -1,014.00 and a beta of 0.35.
Wall Street Analysts Forecast Growth
Separately, Stifel Canada raised shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $6.00.
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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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