41,298 Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA) Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the first quarter, HoldingsChannel.com reports. The firm bought 41,298 shares of the company’s stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORLA. Allspring Global Investments Holdings LLC grew its holdings in shares of Orla Mining by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 504,000 shares of the company’s stock worth $4,708,000 after acquiring an additional 52,000 shares during the period. Renaissance Technologies LLC grew its stake in shares of Orla Mining by 103.1% during the 4th quarter. Renaissance Technologies LLC now owns 178,300 shares of the company’s stock valued at $988,000 after purchasing an additional 90,500 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Orla Mining during the 1st quarter valued at about $238,000. Raymond James Financial Inc. bought a new position in shares of Orla Mining in the 4th quarter worth approximately $173,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Orla Mining by 453.8% in the fourth quarter. Two Sigma Investments LP now owns 360,170 shares of the company’s stock worth $1,995,000 after buying an additional 295,133 shares during the last quarter. 43.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, CIBC reiterated an “outperform” rating on shares of Orla Mining in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $14.50.

Orla Mining Stock Down 5.6%

NYSEAMERICAN ORLA opened at $9.30 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. Orla Mining Ltd. has a 12 month low of $3.24 and a 12 month high of $12.83. The stock’s 50 day moving average is $10.75 and its 200 day moving average is $8.81. The stock has a market cap of $3.03 billion, a PE ratio of -930.00 and a beta of 0.35.

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.