U S Global Investors Inc. trimmed its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 93.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,000 shares of the company's stock after selling 349,922 shares during the quarter. U S Global Investors Inc.'s holdings in Orla Mining were worth $231,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. bought a new stake in shares of Orla Mining during the 2nd quarter valued at $30,000. IFP Advisors Inc raised its stake in shares of Orla Mining by 191.6% during the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company's stock valued at $40,000 after purchasing an additional 2,616 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Orla Mining during the 1st quarter valued at $86,000. 111 Capital bought a new stake in shares of Orla Mining during the 2nd quarter valued at $102,000. Finally, Plato Investment Management Ltd bought a new position in shares of Orla Mining in the first quarter worth $138,000. 43.04% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, CIBC reaffirmed an "outperform" rating on shares of Orla Mining in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $23.00.
Get Our Latest Stock Report on ORLA
Orla Mining Trading Up 1.7%
Orla Mining stock opened at $11.01 on Friday. The stock has a market cap of $3.59 billion, a P/E ratio of 220.24 and a beta of 0.33. Orla Mining Ltd. has a fifty-two week low of $3.81 and a fifty-two week high of $12.91. The firm's fifty day moving average price is $10.75 and its 200-day moving average price is $10.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.85.
Orla Mining Profile
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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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