Quantbot Technologies LP Invests $206,000 in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Quantbot Technologies LP purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,136 shares of the company's stock, valued at approximately $206,000.

A number of other institutional investors also recently bought and sold shares of the business. Amundi lifted its position in shares of Orla Mining by 6.7% during 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 last quarter. CWA Asset Management Group LLC lifted its position in Orla Mining by 20.6% in the fourth quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company's stock valued at $9,897,000 after acquiring an additional 304,748 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Orla Mining in the fourth quarter valued at $9,668,000. Intact Investment Management Inc. acquired a new position in Orla Mining in the fourth quarter valued at $3,186,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Orla Mining by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company's stock worth $2,500,000 after purchasing an additional 2,000 shares during the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Stock Up 2.8 %

ORLA stock traded up $0.26 during trading on Wednesday, hitting $9.56. The company had a trading volume of 1,750,695 shares, compared to its average volume of 563,106. The company has a 50-day simple moving average of $7.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -955.04 and a beta of 0.71. Orla Mining Ltd. has a 1-year low of $3.24 and a 1-year high of $9.64.

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Wall Street Analyst Weigh In

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

Orla Mining Profile

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.