153,189 Shares in Orla Mining Ltd. $ORLA Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 153,189 shares of the company’s stock, valued at approximately $1,500,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORLA. Van ECK Associates Corp purchased a new stake in shares of Orla Mining during the 2nd quarter valued at $173,781,000. Millennium Management LLC grew its position in Orla Mining by 992.0% in the third quarter. Millennium Management LLC now owns 9,066,678 shares of the company’s stock worth $97,814,000 after acquiring an additional 8,236,385 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Orla Mining in the second quarter valued at $74,238,000. Invesco Ltd. increased its stake in Orla Mining by 994.7% in the fourth quarter. Invesco Ltd. now owns 3,539,392 shares of the company’s stock valued at $47,676,000 after acquiring an additional 3,216,068 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Orla Mining by 1,628.2% during the third quarter. Vanguard Group Inc. now owns 3,254,056 shares of the company’s stock valued at $35,095,000 after purchasing an additional 3,065,761 shares in the last quarter. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Orla Mining Price Performance

NYSEAMERICAN ORLA opened at $9.44 on Friday. Orla Mining Ltd. has a 1 year low of $8.43 and a 1 year high of $21.98. The stock has a market capitalization of $3.27 billion, a PE ratio of 13.88 and a beta of 0.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.88. The business’s 50-day moving average is $9.39 and its 200 day moving average is $12.60.

Wall Street Analyst Weigh In

ORLA has been the subject of several research analyst reports. TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Zacks Research cut Orla Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $27.00.

Orla Mining Company Profile

Orla Mining Ltd. is a Canadian precious metals mining company focused on the acquisition, development and operation of gold properties in the Americas. The company is headquartered in Vancouver, British Columbia, and its activities are centered on advancing and operating projects in Mexico, the United States and Panama.

Orla’s principal operating asset is the Camino Rojo Oxide Gold Mine in Zacatecas, Mexico, an open-pit, heap-leach operation that produces gold doré, with silver recovered as a byproduct.