AlTi Global Inc. Raises Holdings in Orla Mining Ltd. $ORLA

Key Points

• AlTi Global Inc. increased its stake in Orla Mining Ltd. by 49.1%, now owning 425,000 shares valued at approximately $3.97 million.
• Orla Mining has received an average rating of "Buy" from analysts, with a consensus target price of $14.50.
• The company's stock has a market capitalization of $3.70 billion and has experienced a price fluctuation between a one-year low of $3.81 and a high of $12.83.

AlTi Global Inc. lifted its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 49.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,000 shares of the company's stock after acquiring an additional 140,000 shares during the period. AlTi Global Inc. owned 0.13% of Orla Mining worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Amundi boosted its stake in shares of Orla Mining by 49.9% in the first quarter. Amundi now owns 3,711,381 shares of the company's stock worth $35,147,000 after acquiring an additional 1,235,692 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Orla Mining during the first quarter worth approximately $201,000. Gamco Investors INC. ET AL purchased a new position in Orla Mining during the first quarter worth approximately $202,000. Gabelli Funds LLC lifted its position in Orla Mining by 100.0% during the first quarter. Gabelli Funds LLC now owns 500,000 shares of the company's stock worth $4,675,000 after buying an additional 250,000 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Orla Mining by 26.5% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,979 shares of the company's stock worth $1,102,000 after buying an additional 24,695 shares in the last quarter. 43.04% of the stock is owned by institutional investors and hedge funds.

Orla Mining Stock Performance

ORLA traded up $0.45 on Friday, hitting $11.72. 1,183,887 shares of the company traded hands, compared to its average volume of 1,258,465. The company has a 50 day moving average of $10.55 and a 200-day moving average of $9.86. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $3.82 billion, a PE ratio of 234.45 and a beta of 0.35. Orla Mining Ltd. has a 12-month low of $3.81 and a 12-month high of $12.83.

Analyst Upgrades and Downgrades

Separately, CIBC reiterated an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average 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.