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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 2nd quarter, Holdings Channel reports. The firm acquired 153,189 shares of the company’s stock, valued at approximately $1,500,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ORLA. CIBC Private Wealth Group LLC bought a new stake in shares of Orla Mining during the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new position in Orla Mining in the fourth quarter worth about $29,000. Ancora Advisors LLC purchased a new stake in Orla Mining in the second quarter worth about $31,000. Optiver Holding B.V. purchased a new stake in Orla Mining in the first quarter worth about $40,000. Finally, Osaic Holdings Inc. boosted its position in Orla Mining by 82.2% during the 2nd quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock valued at $102,000 after acquiring an additional 4,584 shares in the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ORLA. TD Securities upgraded Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, Zacks Research cut Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and an average price target of $27.00.

Orla Mining Price Performance

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

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.