Amundi grew its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,475,689 shares of the company's stock after purchasing an additional 155,200 shares during the period. Amundi owned about 0.77% of Orla Mining worth $14,483,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Orla Mining in the third quarter worth $242,000. The Manufacturers Life Insurance Company increased its holdings in Orla Mining by 67.2% in 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 during the period. D.A. Davidson & CO. bought a new position in Orla Mining in the 3rd quarter valued at about $1,539,000. Walleye Capital LLC acquired a new position in shares of Orla Mining in the 3rd quarter valued at approximately $69,000. Finally, PDT Partners LLC lifted its holdings in shares of Orla Mining by 53.6% during the 3rd quarter. PDT Partners LLC now owns 70,379 shares of the company's stock worth $282,000 after acquiring an additional 24,545 shares during the period. Institutional investors and hedge funds own 43.04% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Scotiabank raised shares of Orla Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. TD Cowen initiated coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating for the company. Finally, TD Securities upgraded Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Orla Mining has a consensus rating of "Moderate Buy" and a consensus price target of $6.13.
View Our Latest Stock Report on ORLA
Orla Mining Stock Down 1.3 %
Shares of NYSEAMERICAN ORLA traded down $0.12 during trading on Tuesday, reaching $9.12. The company had a trading volume of 1,781,177 shares, compared to its average volume of 505,632. Orla Mining Ltd. has a 12 month low of $3.24 and a 12 month high of $9.64. 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 company has a market cap of $2.94 billion, a PE ratio of -911.09 and a beta of 0.71. The company has a fifty day simple moving average of $6.56.
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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