D.A. Davidson & CO. purchased a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 384,697 shares of the company's stock, valued at approximately $1,539,000. D.A. Davidson & CO. owned about 0.12% of Orla Mining as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. U S Global Investors Inc. increased its holdings in shares of Orla Mining by 20.7% in the second quarter. U S Global Investors Inc. now owns 301,660 shares of the company's stock valued at $1,282,000 after purchasing an additional 51,660 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Orla Mining in the 2nd quarter valued at about $1,151,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Orla Mining by 92.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,883 shares of the company's stock valued at $218,000 after acquiring an additional 27,315 shares during the period. CIBC Asset Management Inc lifted its position in Orla Mining by 7.9% during the second quarter. CIBC Asset Management Inc now owns 293,268 shares of the company's stock worth $1,125,000 after acquiring an additional 21,576 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Orla Mining by 4.3% during the second quarter. American Century Companies Inc. now owns 412,400 shares of the company's stock worth $1,583,000 after acquiring an additional 17,100 shares during the period. Institutional investors own 43.04% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on ORLA shares. Desjardins raised Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. Scotiabank upgraded shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday.
Read Our Latest Analysis on Orla Mining
Orla Mining Stock Performance
NYSEAMERICAN:ORLA traded up $0.11 during trading hours on Friday, hitting $4.77. The company's stock had a trading volume of 270,885 shares, compared to its average volume of 571,398. Orla Mining Ltd. has a twelve month low of $2.60 and a twelve month high of $5.16. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.53 billion, a PE ratio of -476.52 and a beta of 0.79.
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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