Schonfeld Strategic Advisors LLC Sells 28,000 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Schonfeld Strategic Advisors LLC cut its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 63.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,300 shares of the company’s stock after selling 28,000 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Orla Mining were worth $90,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mariner LLC bought a new position in Orla Mining during the 4th quarter worth approximately $58,000. Scotia Capital Inc. bought a new position in shares of Orla Mining during the fourth quarter worth $67,000. Walleye Capital LLC boosted its position in shares of Orla Mining by 10.2% during the fourth quarter. Walleye Capital LLC now owns 19,128 shares of the company’s stock worth $106,000 after purchasing an additional 1,764 shares in the last quarter. Aigen Investment Management LP bought a new position in Orla Mining during the fourth quarter worth about $129,000. Finally, Russell Investments Group Ltd. bought a new position in Orla Mining during the fourth quarter worth about $131,000. 43.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ORLA has been the topic of several recent analyst reports. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, TD Cowen began coverage on Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $6.13.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at $8.80 on Thursday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -879.12 and a beta of 0.71. The stock’s 50-day moving average is $9.76 and its 200-day moving average is $6.66. Orla Mining Ltd. has a one year low of $3.24 and a one year high of $11.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

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.