Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,748,200 shares of the company's stock, valued at approximately $9,668,000. Connor Clark & Lunn Investment Management Ltd. owned 0.54% of Orla Mining as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of ORLA. Net Worth Advisory Group bought a new position in shares of Orla Mining in the 4th quarter valued at $241,000. Amundi boosted its stake in Orla Mining by 6.7% in the fourth quarter. Amundi now owns 2,475,689 shares of the company's stock valued at $14,483,000 after buying an additional 155,200 shares in the last quarter. Raymond James Financial Inc. bought a new position in Orla Mining in the fourth quarter valued at about $173,000. Aigen Investment Management LP bought a new position in shares of Orla Mining in the fourth quarter worth about $129,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Orla Mining in the 4th quarter valued at approximately $1,063,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.
Orla Mining Stock Performance
Shares of ORLA stock traded down $0.15 during mid-day trading on Wednesday, hitting $8.97. The company's stock had a trading volume of 1,836,887 shares, compared to its average volume of 511,575. The company has a market cap of $2.89 billion, a P/E ratio of -896.10 and a beta of 0.71. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The stock's fifty day simple moving average is $6.63. Orla Mining Ltd. has a 52 week low of $3.24 and a 52 week high of $9.62.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Scotiabank raised Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. TD Securities upgraded Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Finally, TD Cowen started coverage on Orla Mining in a research report on Tuesday, February 4th. They set a "hold" rating for the company. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Orla Mining has a consensus rating of "Moderate Buy" and a consensus price target of $6.13.
Get Our Latest Stock Analysis on ORLA
About Orla Mining
(
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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