Sprott Inc. Purchases 52,751 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Sprott Inc. increased its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 23.1% during the fourth quarter, HoldingsChannel reports. The fund owned 281,001 shares of the company’s stock after buying an additional 52,751 shares during the quarter. Sprott Inc.’s holdings in Orla Mining were worth $1,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Orla Mining by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock valued at $2,500,000 after acquiring an additional 2,000 shares during the period. D.A. Davidson & CO. increased its holdings in Orla Mining by 2.0% in the fourth quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock valued at $2,174,000 after purchasing an additional 7,667 shares during the period. International Assets Investment Management LLC bought a new position in Orla Mining during the 3rd quarter worth $43,000. Kitching Partners LLC acquired a new position in Orla Mining during the 3rd quarter worth about $48,000. Finally, Geode Capital Management LLC grew its position in shares of Orla Mining by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock valued at $463,000 after buying an additional 12,159 shares during the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Price Performance

Shares of ORLA opened at $6.98 on Wednesday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -697.30 and a beta of 0.71. Orla Mining Ltd. has a 52-week low of $3.16 and a 52-week high of $7.62. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12.

Analysts Set New Price Targets

ORLA has been the subject of a number of analyst reports. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, TD Cowen started coverage on shares of Orla Mining in a report on Tuesday, February 4th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.13.

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.