U S Global Investors Inc. Acquires 180,797 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

U S Global Investors Inc. boosted its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 94.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 372,922 shares of the company's stock after buying an additional 180,797 shares during the quarter. U S Global Investors Inc. owned approximately 0.12% of Orla Mining worth $3,482,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC lifted its holdings in Orla Mining by 17.3% in the 4th quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after purchasing an additional 3,553,481 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Orla Mining by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 7,578,812 shares of the company's stock worth $41,914,000 after buying an additional 31,700 shares during the last quarter. CWA Asset Management Group LLC grew its position in Orla Mining by 63.3% in the first quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock worth $27,284,000 after acquiring an additional 1,131,625 shares during the period. Amundi increased its stake in Orla Mining by 6.7% during the fourth quarter. Amundi now owns 2,475,689 shares of the company's stock worth $14,483,000 after acquiring an additional 155,200 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Orla Mining in the fourth quarter valued at $11,944,000. Institutional investors and hedge funds own 43.04% of the company's stock.

Orla Mining Trading Down 1.2%

Orla Mining stock traded down $0.12 during midday trading on Tuesday, reaching $9.90. The stock had a trading volume of 957,388 shares, compared to its average volume of 869,834. Orla Mining Ltd. has a twelve month low of $3.24 and a twelve month high of $12.43. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.62. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of -990.00 and a beta of 0.38. The firm's fifty day simple moving average is $10.53 and its two-hundred day simple moving average is $7.80.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Orla Mining has an average rating of "Buy" and an average price target 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.