83,353 Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA) Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. purchased a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,353 shares of the company’s stock, valued at approximately $461,000.

A number of other institutional investors and hedge funds have also modified their holdings of ORLA. Dynamic Technology Lab Private Ltd acquired a new position in Orla Mining during the third quarter valued at approximately $242,000. The Manufacturers Life Insurance Company grew its holdings in Orla Mining by 67.2% during the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock valued at $1,192,000 after purchasing an additional 118,961 shares during the period. D.A. Davidson & CO. acquired a new position in Orla Mining during the third quarter valued at approximately $1,539,000. Walleye Capital LLC acquired a new position in Orla Mining during the third quarter valued at approximately $69,000. Finally, PDT Partners LLC grew its holdings in Orla Mining by 53.6% during the third quarter. PDT Partners LLC now owns 70,379 shares of the company’s stock valued at $282,000 after purchasing an additional 24,545 shares during the period. 43.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on ORLA shares. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. TD Cowen began coverage on shares of Orla Mining in a report on Tuesday, February 4th. They issued a “hold” rating for the company. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a report on Wednesday. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $6.13.

Orla Mining Trading Down 4.9 %

NYSEAMERICAN ORLA opened at $8.84 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The stock’s fifty day moving average price is $6.84. Orla Mining Ltd. has a 1 year low of $3.24 and a 1 year high of $9.62. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -883.12 and a beta of 0.71.

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.