12,196 Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA) Purchased by Scotia Capital Inc.

Scotia Capital Inc. purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,196 shares of the company’s stock, valued at approximately $67,000.

Several other large investors also recently made changes to their positions in ORLA. FMR LLC raised its position in shares of Orla Mining by 17.3% during the fourth quarter. FMR LLC now owns 24,065,292 shares of the company’s stock worth $133,264,000 after purchasing an additional 3,553,481 shares during the period. Franklin Resources Inc. raised its holdings in Orla Mining by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 7,578,812 shares of the company’s stock worth $41,914,000 after buying an additional 31,700 shares during the period. Amundi raised its holdings in Orla Mining by 6.7% during the 4th quarter. Amundi now owns 2,475,689 shares of the company’s stock worth $14,483,000 after buying an additional 155,200 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Orla Mining during the fourth quarter valued at about $11,944,000. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Orla Mining by 20.6% in the fourth quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock worth $9,897,000 after buying an additional 304,748 shares during the period. Institutional investors own 43.04% of the company’s stock.

Orla Mining Trading Up 1.0 %

Shares of NYSEAMERICAN:ORLA opened at $11.18 on Wednesday. The firm has a fifty day moving average of $8.17 and a two-hundred day moving average of $6.01. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $11.32. The firm has a market capitalization of $3.60 billion, a P/E ratio of -1,116.88 and a beta of 0.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Cowen assumed coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They issued a “hold” rating for the company. Stifel Canada raised Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, TD Securities raised Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Orla Mining currently has an average rating of “Buy” and an average target price of $6.13.

About Orla Mining

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.