U S Global Investors Inc. Makes New Investment in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

U S Global Investors Inc. purchased a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 192,125 shares of the company’s stock, valued at approximately $1,063,000. U S Global Investors Inc. owned 0.06% of Orla Mining as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Orla Mining by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock worth $2,500,000 after acquiring an additional 2,000 shares during the period. D.A. Davidson & CO. lifted its position in shares of Orla Mining by 2.0% in the 4th quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock worth $2,174,000 after purchasing an additional 7,667 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Orla Mining in the 3rd quarter worth about $43,000. Kitching Partners LLC bought a new stake in shares of Orla Mining during the 3rd quarter valued at about $48,000. Finally, Geode Capital Management LLC increased its position in shares of Orla Mining by 11.9% during the third quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock valued at $463,000 after buying an additional 12,159 shares during the period. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Down 4.1 %

ORLA opened at $7.01 on Friday. Orla Mining Ltd. has a fifty-two week low of $3.16 and a fifty-two week high of $7.62. The firm has a market cap of $2.26 billion, a P/E ratio of -700.30 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

Analyst Ratings Changes

ORLA has been the subject of a number of analyst reports. Scotiabank raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. TD Cowen started coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating on the stock. TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, Desjardins upgraded Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.13.

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.