Toronto Dominion Bank Boosts Stock Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Toronto Dominion Bank grew its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 167.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,906 shares of the company's stock after acquiring an additional 28,741 shares during the quarter. Toronto Dominion Bank's holdings in Orla Mining were worth $254,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its position in Orla Mining by 17.3% during the 4th quarter. FMR LLC now owns 24,065,292 shares of the company's stock worth $133,264,000 after acquiring an additional 3,553,481 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Orla Mining during the fourth quarter worth about $11,944,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Orla Mining in the fourth quarter valued at approximately $9,668,000. The Manufacturers Life Insurance Company increased its holdings in Orla Mining by 197.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company's stock worth $4,882,000 after buying an additional 584,257 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in Orla Mining in the 4th quarter worth approximately $3,186,000. Institutional investors and hedge funds own 43.04% of the company's stock.

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA traded up $0.23 during midday trading on Friday, hitting $10.51. The company's stock had a trading volume of 262,675 shares, compared to its average volume of 707,881. The company has a market cap of $3.39 billion, a P/E ratio of -1,049.15 and a beta of 0.71. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $11.95. The business's 50 day simple moving average is $10.05 and its 200 day simple moving average is $6.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Canada raised Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. TD Cowen assumed coverage on Orla Mining in a report on Tuesday, February 4th. They issued a "hold" rating for the company. Finally, TD Securities raised shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Orla Mining presently has an average rating of "Buy" and an average target price of $6.00.

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.