Two Sigma Investments LP raised its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 453.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,170 shares of the company's stock after purchasing an additional 295,133 shares during the quarter. Two Sigma Investments LP owned 0.11% of Orla Mining worth $1,995,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Mariner LLC purchased a new stake in shares of Orla Mining during the 4th quarter valued at about $58,000. Scotia Capital Inc. purchased a new stake in shares of Orla Mining during the 4th quarter valued at about $67,000. Walleye Capital LLC raised its holdings in shares of Orla Mining by 10.2% during the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock valued at $106,000 after buying an additional 1,764 shares during the period. Gotham Asset Management LLC raised its holdings in shares of Orla Mining by 11.8% during the 4th quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock valued at $107,000 after buying an additional 2,048 shares during the period. Finally, Aigen Investment Management LP purchased a new stake in shares of Orla Mining during the 4th quarter valued at about $129,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.
Orla Mining Stock Up 8.0%
NYSEAMERICAN ORLA traded up $0.91 during mid-day trading on Thursday, reaching $12.35. 1,428,869 shares of the company's stock traded hands, compared to its average volume of 722,076. Orla Mining Ltd. has a 1-year low of $3.24 and a 1-year high of $12.42. The company has a fifty day simple moving average of $10.26 and a 200-day simple moving average of $7.08. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -1,233.77 and a beta of 0.71.
Analyst Ratings Changes
Separately, Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $6.00.
View Our Latest Stock 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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