10,750 Shares in Orla Mining Ltd. $ORLA Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,750 shares of the company’s stock, valued at approximately $108,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Merrion Investment Management Co LLC bought a new position in Orla Mining during the second quarter valued at approximately $355,000. American Century Companies Inc. grew its position in Orla Mining by 1.9% in the 1st quarter. American Century Companies Inc. now owns 440,059 shares of the company’s stock worth $4,110,000 after purchasing an additional 8,399 shares during the period. PCJ Investment Counsel Ltd. raised its stake in Orla Mining by 81.6% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 266,250 shares of the company’s stock valued at $2,676,000 after buying an additional 119,620 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Orla Mining during the 1st quarter valued at $183,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Orla Mining by 33.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company’s stock worth $51,667,000 after buying an additional 1,296,774 shares during the last quarter. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

Shares of ORLA opened at $12.14 on Friday. The business has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $10.72. 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 52 week low of $3.84 and a 52 week high of $13.91. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 93.39 and a beta of 0.33.

Wall Street Analyst Weigh In

ORLA has been the subject of a number of research reports. CIBC reiterated an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Tuesday, October 21st. Finally, Scotiabank reissued an “outperform” rating on shares of Orla Mining in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Orla Mining has an average rating of “Moderate Buy” and an average price target of $27.00.

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.