U S Global Investors Inc. Boosts Stock Holdings in 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% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 372,922 shares of the company's stock after acquiring an additional 180,797 shares during the quarter. U S Global Investors Inc. owned 0.12% of Orla Mining worth $3,482,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ORLA. Mariner LLC bought a new stake in Orla Mining during the fourth quarter valued at about $58,000. Scotia Capital Inc. purchased a new stake in Orla Mining in the fourth quarter worth about $67,000. Two Sigma Advisers LP purchased a new stake in Orla Mining in the fourth quarter worth about $84,000. Walleye Capital LLC increased its position in Orla Mining by 10.2% in the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock worth $106,000 after buying an additional 1,764 shares in the last quarter. Finally, Gotham Asset Management LLC increased its position in Orla Mining by 11.8% in the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company's stock worth $107,000 after buying an additional 2,048 shares in the last quarter. Hedge funds and other institutional investors own 43.04% of the company's stock.

Orla Mining Price Performance

Orla Mining stock traded down $0.45 during midday trading on Friday, reaching $9.57. 1,359,022 shares of the stock traded hands, compared to its average volume of 868,808. The stock has a market cap of $3.11 billion, a P/E ratio of -957.00 and a beta of 0.38. Orla Mining Ltd. has a 12 month low of $3.24 and a 12 month high of $12.43. The stock's fifty day moving average is $10.56 and its 200-day moving average is $7.76. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 0.92.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $6.00.

About Orla Mining

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.