Amundi grew its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,711,381 shares of the company's stock after acquiring an additional 1,235,692 shares during the quarter. Amundi owned 1.15% of Orla Mining worth $35,147,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Orla Mining by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 504,000 shares of the company's stock worth $4,708,000 after acquiring an additional 52,000 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Orla Mining in the first quarter worth about $238,000. Two Sigma Investments LP boosted its holdings in Orla Mining by 453.8% in the fourth quarter. Two Sigma Investments LP now owns 360,170 shares of the company's stock worth $1,995,000 after acquiring an additional 295,133 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Orla Mining in the fourth quarter worth about $173,000. Finally, American Century Companies Inc. boosted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 43.04% of the company's stock.
Orla Mining Stock Performance
ORLA stock traded up $0.05 during trading on Friday, hitting $11.50. 536,643 shares of the company traded hands, compared to its average volume of 1,346,576. The stock's 50-day simple moving average is $10.66 and its 200 day simple moving average is $10.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.66. The company has a market cap of $3.74 billion, a PE ratio of 229.95 and a beta of 0.35. Orla Mining Ltd. has a 1 year low of $3.81 and a 1 year high of $12.83.
Analysts Set New Price Targets
Separately, CIBC reissued an "outperform" rating on shares of Orla Mining in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $14.50.
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Orla Mining Company Profile
(
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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