TD Asset Management Inc Has $25.97 Million Stock Position in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Key Points

• TD Asset Management Inc increased its stake in Orla Mining Ltd. by 15.7%, holding approximately 2.78 million shares worth around $25.97 million as of their latest SEC filing.
• Multiple institutional investors have recently adjusted their holdings in Orla Mining, with 43.04% of the stock now owned by hedge funds and other institutional entities.
• Analysts have rated Orla Mining with a consensus of "Buy" and set an average price target of $14.50, indicating positive growth potential.

TD Asset Management Inc lifted its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,780,946 shares of the company's stock after purchasing an additional 378,015 shares during the quarter. TD Asset Management Inc owned 0.86% of Orla Mining worth $25,969,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in Orla Mining by 11.5% during the 1st 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 during the last quarter. Renaissance Technologies LLC grew its holdings in Orla Mining by 103.1% during the 4th quarter. Renaissance Technologies LLC now owns 178,300 shares of the company's stock worth $988,000 after acquiring an additional 90,500 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Orla Mining during the 1st quarter worth about $238,000. Raymond James Financial Inc. bought a new stake in Orla Mining during the 4th quarter worth about $173,000. Finally, Two Sigma Investments LP grew its holdings in Orla Mining by 453.8% during the 4th 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 during the last quarter. Institutional investors own 43.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, CIBC reaffirmed an "outperform" rating on shares of Orla Mining in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Orla Mining presently has an average rating of "Buy" and an average target price of $14.50.

Orla Mining Stock Up 2.1%

Shares of NYSEAMERICAN:ORLA traded up $0.20 during midday trading on Friday, hitting $9.52. The stock had a trading volume of 1,105,927 shares, compared to its average volume of 1,330,931. Orla Mining Ltd. has a 12 month low of $3.24 and a 12 month high of $12.83. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The business's 50-day simple moving average is $10.74 and its 200-day simple moving average is $8.83. The company has a market cap of $3.10 billion, a P/E ratio of -952.00 and a beta of 0.35.

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.