Tacita Capital Inc bought a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 68,128 shares of the company's stock, valued at approximately $637,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC bought a new stake in Orla Mining in the fourth quarter worth $58,000. Two Sigma Advisers LP purchased a new position in Orla Mining during the fourth quarter valued at approximately $84,000. Banque Cantonale Vaudoise bought a new stake in Orla Mining during the first quarter valued at about $86,000. Walleye Capital LLC grew its position in shares of Orla Mining by 10.2% in the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after buying an additional 1,764 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in Orla Mining by 11.8% in the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock worth $107,000 after acquiring an additional 2,048 shares in the last quarter. Institutional investors own 43.04% of the company's stock.
Orla Mining Stock Down 6.1%
ORLA traded down $0.61 during trading hours on Tuesday, hitting $9.46. 1,332,555 shares of the company's stock were exchanged, compared to its average volume of 1,332,390. Orla Mining Ltd. has a 12-month low of $3.81 and a 12-month high of $12.83. The firm has a 50 day moving average of $10.53 and a 200 day moving average of $9.30. 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 firm has a market cap of $3.08 billion, a P/E ratio of 189.24 and a beta of 0.34.
Analyst Upgrades and Downgrades
Separately, CIBC reiterated 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 given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $14.50.
View Our Latest Analysis on Orla Mining
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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