Edmond DE Rothschild Holding S.A. Trims Stock Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Edmond DE Rothschild Holding S.A. reduced its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 205,697 shares of the company's stock after selling 32,211 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.06% of Orla Mining worth $1,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Amundi boosted its holdings in Orla Mining by 6.7% in the 4th quarter. Amundi now owns 2,475,689 shares of the company's stock worth $14,483,000 after buying an additional 155,200 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Orla Mining in the fourth quarter worth about $11,944,000. CWA Asset Management Group LLC grew its position in shares of Orla Mining by 20.6% during the fourth quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company's stock worth $9,897,000 after purchasing an additional 304,748 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Orla Mining in the 4th quarter worth approximately $9,668,000. Finally, Intact Investment Management Inc. purchased a new stake in Orla Mining during the 4th quarter valued at approximately $3,186,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on ORLA shares. TD Cowen started coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating for the company. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, TD Securities raised Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $6.13.

Orla Mining Trading Down 13.3 %

Shares of ORLA traded down $1.26 during trading hours on Friday, reaching $8.21. 2,276,951 shares of the company traded hands, compared to its average volume of 574,982. The stock has a fifty day moving average of $7.52. 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 has a market capitalization of $2.65 billion, a price-to-earnings ratio of -820.18 and a beta of 0.71. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $9.65.

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.