Raymond James Financial Inc. Acquires Shares of 31,191 Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Raymond James Financial Inc. acquired a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,191 shares of the company's stock, valued at approximately $173,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in Orla Mining by 103.1% in the fourth quarter. Renaissance Technologies LLC now owns 178,300 shares of the company's stock worth $988,000 after purchasing an additional 90,500 shares in the last quarter. FMR LLC boosted its position in Orla Mining by 17.3% during the 4th quarter. FMR LLC now owns 24,065,292 shares of the company's stock valued at $133,264,000 after acquiring an additional 3,553,481 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Orla Mining during the 4th quarter valued at $131,000. Geode Capital Management LLC boosted its position in Orla Mining by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 116,293 shares of the company's stock valued at $650,000 after acquiring an additional 1,665 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in Orla Mining by 3.0% during the 4th quarter. National Bank of Canada FI now owns 433,726 shares of the company's stock valued at $2,404,000 after acquiring an additional 12,618 shares in the last quarter. Institutional investors own 43.04% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on ORLA shares. TD Securities raised Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen started coverage on Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating for the company. Finally, Stifel Canada upgraded 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, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $6.13.

Orla Mining Stock Performance

ORLA stock traded up $0.28 during midday trading on Thursday, reaching $9.08. The stock had a trading volume of 1,010,606 shares, compared to its average volume of 691,136. The stock has a market cap of $2.93 billion, a PE ratio of -907.09 and a beta of 0.71. 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 fifty day simple moving average of $9.76 and a two-hundred day simple moving average of $6.66. Orla Mining Ltd. has a 52-week low of $3.24 and a 52-week high of $11.95.

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.