68,128 Shares in Orla Mining Ltd. $ORLA Bought by Tacita Capital Inc

Key Points

• Tacita Capital Inc acquired a new stake in Orla Mining Ltd, purchasing 68,128 shares valued at approximately $637,000 during the 1st quarter.
• Wall Street analysts have given Orla Mining a consensus rating of "Buy" with a target price of $14.50, reflecting positive sentiment towards the stock.
• Orla Mining's stock has a market capitalization of $3.21 billion and has shown a significant price range over the past year, with a low of $3.81 and a high of $12.83.

Tacita Capital Inc acquired a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,128 shares of the company's stock, valued at approximately $637,000.

A number of other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position 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 purchasing an additional 52,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Orla Mining by 103.1% in the fourth quarter. Renaissance Technologies LLC now owns 178,300 shares of the company's stock worth $988,000 after buying an additional 90,500 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Orla Mining during the first quarter valued at approximately $238,000. Two Sigma Investments LP grew its position in Orla Mining by 453.8% during the fourth quarter. Two Sigma Investments LP now owns 360,170 shares of the company's stock valued at $1,995,000 after buying an additional 295,133 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Orla Mining during the fourth quarter valued at approximately $173,000. Institutional investors own 43.04% of the company's stock.

Orla Mining Stock Up 2.4%

Shares of ORLA traded up $0.23 during midday trading on Wednesday, reaching $9.69. 1,035,711 shares of the stock were exchanged, compared to its average volume of 1,444,040. The company has a market capitalization of $3.16 billion, a P/E ratio of 193.84 and a beta of 0.34. 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 52 week low of $3.81 and a 52 week high of $12.83. The company's 50 day moving average is $10.48 and its two-hundred day moving average is $9.35.

Analyst Ratings Changes

Separately, CIBC reiterated an "outperform" rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two 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, Orla Mining has an average rating of "Buy" and an average target price of $14.50.

Orla Mining Company 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.