CWA Asset Management Group LLC lifted its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,786,415 shares of the company's stock after purchasing an additional 304,748 shares during the quarter. CWA Asset Management Group LLC owned 0.56% of Orla Mining worth $9,897,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Goehring & Rozencwajg Associates LLC raised its position in Orla Mining by 16.3% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company's stock valued at $4,969,000 after purchasing an additional 181,900 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position 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 worth $1,192,000 after buying an additional 118,961 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Orla Mining by 50.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company's stock worth $1,812,000 after acquiring an additional 150,000 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Orla Mining during the 2nd quarter worth approximately $102,000. Finally, International Assets Investment Management LLC bought a new position in shares of Orla Mining during the third quarter valued at $43,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.
Orla Mining Price Performance
ORLA traded down $0.33 during trading on Monday, hitting $5.65. The company's stock had a trading volume of 688,453 shares, compared to its average volume of 752,251. The firm has a market cap of $1.81 billion, a PE ratio of -564.44 and a beta of 0.75. Orla Mining Ltd. has a twelve month low of $3.02 and a twelve month high of $6.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on ORLA. Desjardins upgraded shares of Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. Scotiabank raised shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th.
Check Out Our Latest Stock Report on Orla Mining
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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