Orla Mining Ltd. (NYSEAMERICAN:ORLA) Shares Acquired by Amundi

Amundi boosted its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,475,689 shares of the company’s stock after purchasing an additional 155,200 shares during the quarter. Amundi’s holdings in Orla Mining were worth $14,483,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ORLA. Dynamic Technology Lab Private Ltd bought a new position in Orla Mining in the third quarter worth about $242,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Orla Mining by 67.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock worth $1,192,000 after purchasing an additional 118,961 shares during the last quarter. D.A. Davidson & CO. acquired a new position in Orla Mining during the 3rd quarter valued at approximately $1,539,000. Walleye Capital LLC bought a new position in Orla Mining during the 3rd quarter worth $69,000. Finally, PDT Partners LLC increased its position in Orla Mining by 53.6% in the third quarter. PDT Partners LLC now owns 70,379 shares of the company’s stock worth $282,000 after buying an additional 24,545 shares during the period. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Up 5.1 %

Shares of ORLA opened at $8.71 on Friday. Orla Mining Ltd. has a 52-week low of $3.24 and a 52-week high of $8.78. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -870.13 and a beta of 0.71. The firm has a 50-day moving average of $6.48. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. TD Cowen initiated coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating for the company. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.