The Manufacturers Life Insurance Company Purchases 584,257 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

The Manufacturers Life Insurance Company lifted its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 197.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 880,354 shares of the company's stock after purchasing an additional 584,257 shares during the period. The Manufacturers Life Insurance Company owned about 0.27% of Orla Mining worth $4,882,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ORLA. Geode Capital Management LLC boosted its position in shares of Orla Mining by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company's stock valued at $463,000 after purchasing an additional 12,159 shares in the last quarter. Barclays PLC boosted its stake in shares of Orla Mining by 86.5% during the 3rd quarter. Barclays PLC now owns 47,177 shares of the company's stock valued at $189,000 after buying an additional 21,877 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Orla Mining by 262.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company's stock valued at $1,138,000 after buying an additional 205,911 shares during the period. Stratos Wealth Advisors LLC boosted its stake in shares of Orla Mining by 39.4% during the 4th quarter. Stratos Wealth Advisors LLC now owns 50,185 shares of the company's stock valued at $278,000 after buying an additional 14,185 shares during the period. Finally, Quattro Financial Advisors LLC lifted its stake in shares of Orla Mining by 106.9% in the 4th quarter. Quattro Financial Advisors LLC now owns 118,615 shares of the company's stock valued at $707,000 after purchasing an additional 61,280 shares during the last quarter. Institutional investors own 43.04% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ORLA. TD Cowen began coverage on Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating on the stock. Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, TD Securities upgraded 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, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $6.13.

Orla Mining Stock Down 5.1%

NYSEAMERICAN ORLA traded down $0.48 on Tuesday, reaching $8.85. The company had a trading volume of 1,423,734 shares, compared to its average volume of 685,646. The company's fifty day moving average is $9.68 and its 200-day moving average is $6.63. Orla Mining Ltd. has a 1-year low of $3.24 and a 1-year high of $11.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -884.12 and a beta of 0.71.

Orla Mining Company 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.