D.A. Davidson & CO. Increases Stock Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

D.A. Davidson & CO. lifted its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 392,364 shares of the company’s stock after purchasing an additional 7,667 shares during the quarter. D.A. Davidson & CO.’s holdings in Orla Mining were worth $2,174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in Orla Mining during the 3rd quarter valued at $43,000. Kitching Partners LLC purchased a new position in Orla Mining during the 3rd quarter valued at $48,000. Walleye Capital LLC purchased a new position in Orla Mining during the 3rd quarter valued at $69,000. DF Dent & Co. Inc. purchased a new position in Orla Mining during the 3rd quarter valued at $80,000. Finally, Sanctuary Advisors LLC purchased a new position in Orla Mining during the 3rd quarter valued at $90,000. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Cowen assumed coverage on Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating for the company. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Orla Mining currently has an average rating of “Moderate Buy” and a consensus price target of $6.13.

Orla Mining Stock Down 6.0 %

Shares of NYSEAMERICAN ORLA opened at $6.69 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -668.33 and a beta of 0.71. Orla Mining Ltd. has a twelve month low of $3.16 and a twelve month high of $7.62.

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.