XTX Topco Ltd Acquires 21,372 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

XTX Topco Ltd raised its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,544 shares of the company’s stock after buying an additional 21,372 shares during the period. XTX Topco Ltd’s holdings in Orla Mining were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Mariner LLC acquired a new stake in Orla Mining during the fourth quarter worth approximately $58,000. Scotia Capital Inc. acquired a new stake in Orla Mining during the 4th quarter worth approximately $67,000. Sanctuary Advisors LLC acquired a new position in Orla Mining in the 3rd quarter valued at $90,000. Aigen Investment Management LP bought a new position in Orla Mining during the 4th quarter worth $129,000. Finally, Russell Investments Group Ltd. bought a new position in Orla Mining during the 4th quarter worth $131,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. TD Cowen started coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating on the stock. TD Securities upgraded shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Finally, Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Two equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $6.13.

Orla Mining Trading Down 1.1 %

Shares of ORLA stock opened at $11.27 on Friday. Orla Mining Ltd. has a fifty-two week low of $3.24 and a fifty-two week high of $11.71. The stock’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $6.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The company has a market cap of $3.63 billion, a PE ratio of -1,125.87 and a beta of 0.71.

Orla Mining Profile

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.