Quantbot Technologies LP Purchases New Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC lifted its holdings in shares of Orla Mining by 20.6% during the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock worth $9,897,000 after acquiring an additional 304,748 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Orla Mining by 67.2% during the third 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. Barclays PLC boosted its holdings in shares of Orla Mining by 86.5% in the 3rd quarter. Barclays PLC now owns 47,177 shares of the company’s stock valued at $189,000 after purchasing an additional 21,877 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Orla Mining by 262.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock valued at $1,138,000 after purchasing an additional 205,911 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Orla Mining by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock valued at $463,000 after purchasing an additional 12,159 shares during the last quarter. 43.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on ORLA shares. TD Securities raised Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, TD Cowen started coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and an average target price of $6.13.

Orla Mining Stock Down 1.6 %

Shares of ORLA opened at $9.16 on Friday. The stock has a 50-day moving average price of $7.17. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $9.62. The firm has a market cap of $2.95 billion, a PE ratio of -915.08 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.

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.