Orla Mining Ltd. (NYSEAMERICAN:ORLA) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,578,812 shares of the company’s stock after acquiring an additional 31,700 shares during the quarter. Franklin Resources Inc.’s holdings in Orla Mining were worth $41,914,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORLA. Amundi raised its position in Orla Mining by 6.7% in the fourth quarter. Amundi now owns 2,475,689 shares of the company’s stock worth $14,483,000 after acquiring an additional 155,200 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Orla Mining in the fourth quarter valued at about $11,944,000. CWA Asset Management Group LLC boosted its holdings in Orla Mining by 20.6% during the fourth quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock worth $9,897,000 after buying an additional 304,748 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Orla Mining during the fourth quarter worth about $9,668,000. Finally, Intact Investment Management Inc. purchased a new position in Orla Mining in the fourth quarter valued at about $3,186,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORLA has been the topic of several research analyst reports. TD Cowen assumed coverage on Orla Mining in a research note on Tuesday, February 4th. They set a “hold” rating on the stock. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $6.13.

Orla Mining Stock Performance

ORLA stock opened at $8.21 on Friday. The company has a 50 day moving average of $7.52. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -820.18 and a beta of 0.71. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. Orla Mining Ltd. has a 1 year low of $3.24 and a 1 year high of $9.65.

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.