Stratos Wealth Advisors LLC Has $894,000 Stake in Orla Mining Ltd. $ORLA

Stratos Wealth Advisors LLC increased its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 146.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 89,185 shares of the company’s stock after buying an additional 53,000 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Orla Mining were worth $894,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management bought a new stake in shares of Orla Mining during the 1st quarter valued at $164,000. Intact Investment Management Inc. increased its position in shares of Orla Mining by 5.8% in the first quarter. Intact Investment Management Inc. now owns 608,929 shares of the company’s stock worth $5,688,000 after purchasing an additional 33,440 shares during the period. XML Financial LLC acquired a new position in Orla Mining in the first quarter valued at about $214,000. Oppenheimer & Co. Inc. bought a new stake in Orla Mining during the first quarter worth about $238,000. Finally, Bessemer Group Inc. acquired a new stake in Orla Mining during the first quarter worth about $762,000. Institutional investors own 43.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CIBC restated an “outperform” rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $23.00.

Orla Mining Price Performance

Shares of ORLA stock opened at $12.15 on Friday. The business has a fifty day simple moving average of $11.01 and a 200 day simple moving average of $10.65. The company has a market cap of $3.96 billion, a P/E ratio of 243.05 and a beta of 0.33. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. Orla Mining Ltd. has a twelve month low of $3.81 and a twelve month high of $13.91.

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.