D.A. Davidson & CO. Grows Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

D.A. Davidson & CO. raised its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,364 shares of the company’s stock after acquiring an additional 7,667 shares during the period. D.A. Davidson & CO. owned approximately 0.12% of Orla Mining worth $2,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ORLA. Allspring Global Investments Holdings LLC boosted its position in shares of Orla Mining by 50.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock valued at $1,812,000 after buying an additional 150,000 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Orla Mining during the third quarter valued at $43,000. CWA Asset Management Group LLC purchased a new stake in shares of Orla Mining during the third quarter valued at $5,927,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Orla Mining during the third quarter valued at $242,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Orla Mining by 67.2% during the third 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 last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. TD Cowen assumed coverage on Orla Mining in a research report on Tuesday, February 4th. They issued a “hold” rating on the stock. Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, TD Securities raised Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Two 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 stock. According to MarketBeat.com, Orla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $6.13.

Orla Mining Price Performance

Shares of ORLA opened at $6.69 on Friday. The company has a market cap of $2.16 billion, a P/E ratio of -668.33 and a beta of 0.71. Orla Mining Ltd. has a 12-month low of $3.16 and a 12-month high of $7.62. 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 Company 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.