Gabelli Funds LLC Acquires Shares of 250,000 Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Gabelli Funds LLC purchased a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 250,000 shares of the company's stock, valued at approximately $1,385,000. Gabelli Funds LLC owned 0.08% of Orla Mining at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mariner LLC purchased a new position in Orla Mining in the fourth quarter worth about $58,000. Scotia Capital Inc. bought a new stake in Orla Mining in the 4th quarter worth approximately $67,000. Sanctuary Advisors LLC bought a new position in shares of Orla Mining during the 3rd quarter valued at approximately $90,000. Walleye Capital LLC increased its position in shares of Orla Mining by 10.2% during the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company's stock valued at $106,000 after purchasing an additional 1,764 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Orla Mining during the 4th quarter valued at approximately $129,000. 43.04% of the stock is owned by institutional investors.

Orla Mining Price Performance

NYSEAMERICAN ORLA traded up $0.03 on Thursday, reaching $10.98. The company's stock had a trading volume of 303,716 shares, compared to its average volume of 636,564. The firm's 50 day moving average is $8.72 and its two-hundred day moving average is $6.23. The stock has a market cap of $3.54 billion, a PE ratio of -1,095.90 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. Orla Mining Ltd. has a twelve month low of $3.24 and a twelve month high of $11.95.

Wall Street Analysts Forecast Growth

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

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.