Orla Mining Ltd. (NYSEAMERICAN:ORLA) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 197.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 880,354 shares of the company’s stock after acquiring an additional 584,257 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Orla Mining were worth $4,882,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Mariner LLC purchased a new stake in shares of Orla Mining in the fourth quarter valued at approximately $58,000. Scotia Capital Inc. acquired a new stake in Orla Mining in the fourth quarter valued at $67,000. Walleye Capital LLC boosted its position in shares of Orla Mining by 10.2% during the 4th 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 acquired a new position in shares of Orla Mining during the 4th quarter worth $129,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Orla Mining in the 4th quarter valued at about $131,000. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Analysts Set New Price Targets

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

Orla Mining Stock Down 5.6 %

Shares of NYSEAMERICAN ORLA opened at $10.71 on Friday. The firm’s 50-day moving average is $9.56 and its two-hundred day moving average is $6.59. The company has a market capitalization of $3.45 billion, a PE ratio of -1,069.93 and a beta of 0.71. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month 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 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.