Orla Mining Ltd. $ORLA Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Orla Mining Ltd. by 20.4% during Q2, acquiring an additional 103,000 shares for a total of 607,000 shares valued at approximately $6.1 million.
• Wall Street analysts maintain a positive outlook with Orla Mining holding an average rating of "Buy" and a consensus price target of $23.00.
• As of the latest report, institutional investors own 43.04% of Orla Mining's stock, indicating strong interest and investment in the company.

Allspring Global Investments Holdings LLC lifted its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 20.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 607,000 shares of the company's stock after buying an additional 103,000 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.19% of Orla Mining worth $6,102,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ORLA. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Orla Mining by 119.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,843,000 shares of the company's stock worth $35,898,000 after buying an additional 2,094,800 shares in the last quarter. Amundi raised its holdings in shares of Orla Mining by 49.9% in the 1st quarter. Amundi now owns 3,711,381 shares of the company's stock worth $35,147,000 after purchasing an additional 1,235,692 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Orla Mining by 15.7% during the first quarter. TD Asset Management Inc now owns 2,780,946 shares of the company's stock valued at $25,969,000 after acquiring an additional 378,015 shares during the period. Louisbourg Investments Inc. acquired a new stake in shares of Orla Mining during the second quarter valued at approximately $2,957,000. Finally, Gabelli Funds LLC raised its holdings in shares of Orla Mining by 100.0% during the first quarter. Gabelli Funds LLC now owns 500,000 shares of the company's stock valued at $4,675,000 after acquiring an additional 250,000 shares during the period. 43.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, CIBC reaffirmed 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 given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $23.00.

Orla Mining Price Performance

NYSEAMERICAN ORLA opened at $12.15 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $11.01 and a 200 day simple moving average of $10.66. The company has a market cap of $3.96 billion, a P/E ratio of 243.05 and a beta of 0.33. Orla Mining Ltd. has a 1 year low of $3.81 and a 1 year high of $13.91.

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.

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