Counterpoint Mutual Funds LLC Invests $292,000 in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Counterpoint Mutual Funds LLC bought a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,788 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors also recently bought and sold shares of ORLA. CWA Asset Management Group LLC raised its stake in shares of Orla Mining by 20.6% in the fourth quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company's stock worth $9,897,000 after buying an additional 304,748 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Orla Mining by 67.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company's stock valued at $1,192,000 after buying an additional 118,961 shares in the last quarter. Barclays PLC grew its holdings in 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Orla Mining by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company's stock worth $463,000 after purchasing an additional 12,159 shares during the period. Institutional investors own 43.04% of the company's stock.

Remove Ads

Orla Mining Stock Performance

NYSEAMERICAN ORLA traded down $0.46 on Friday, reaching $8.84. 4,449,294 shares of the stock traded hands, compared to its average volume of 532,654. 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 $6.84. The company has a market cap of $2.85 billion, a P/E ratio of -883.12 and a beta of 0.71. Orla Mining Ltd. has a 12 month low of $3.24 and a 12 month high of $9.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ORLA shares. Scotiabank upgraded Orla Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a report on Wednesday. TD Securities upgraded Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Finally, TD Cowen began coverage on Orla Mining in a research note 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 two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $6.13.

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.