Orla Mining Ltd. $ORLA Shares Sold by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Orla Mining Ltd. by 20%, owning approximately 0.05% of the company, worth $1,541,000 after selling 41,062 shares.
• CIBC reaffirmed an "outperform" rating for Orla Mining, with a consensus target price of $14.50 based on ratings from five analysts.
• Orla Mining's stock is priced at $11.72, reflecting a market capitalization of $3.82 billion and a 12-month trading range from $3.81 to $12.83.

Edmond DE Rothschild Holding S.A. lowered its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,635 shares of the company's stock after selling 41,062 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.05% of Orla Mining worth $1,541,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ORLA. Russell Investments Group Ltd. increased its position in Orla Mining by 4.6% in the first quarter. Russell Investments Group Ltd. now owns 24,735 shares of the company's stock worth $231,000 after buying an additional 1,093 shares in the last quarter. Baldwin Wealth Partners LLC MA raised its holdings in Orla Mining by 11.4% during the first quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company's stock valued at $146,000 after acquiring an additional 1,600 shares during the period. Gotham Asset Management LLC lifted its position in shares of Orla Mining by 11.8% in the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock valued at $107,000 after acquiring an additional 2,048 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Orla Mining by 14.0% in the first quarter. Deutsche Bank AG now owns 29,021 shares of the company's stock valued at $271,000 after acquiring an additional 3,575 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Orla Mining by 1.9% in the first quarter. American Century Companies Inc. now owns 440,059 shares of the company's stock worth $4,110,000 after acquiring an additional 8,399 shares during the period. 43.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, CIBC reissued 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 assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $14.50.

Orla Mining Trading Up 0.7%

Orla Mining stock traded up $0.08 during trading on Thursday, hitting $11.44. The company had a trading volume of 539,993 shares, compared to its average volume of 1,343,942. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 228.35 and a beta of 0.35. The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. Orla Mining Ltd. has a 1-year low of $3.81 and a 1-year high of $12.83. The company's 50 day simple moving average is $10.63 and its 200-day simple moving average is $9.97.

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.