TD Asset Management Inc Decreases Stake in Orla Mining Ltd. $ORLA

TD Asset Management Inc reduced its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,717,380 shares of the company’s stock after selling 63,566 shares during the quarter. TD Asset Management Inc’s holdings in Orla Mining were worth $27,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ORLA. Connor Clark & Lunn Investment Management Ltd. raised its position in Orla Mining by 119.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,843,000 shares of the company’s stock worth $35,898,000 after buying an additional 2,094,800 shares during the last quarter. Amundi raised its holdings in shares of Orla Mining by 49.9% during the first quarter. Amundi now owns 3,711,381 shares of the company’s stock valued at $35,147,000 after purchasing an additional 1,235,692 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its position in Orla Mining by 2.2% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,397,753 shares of the company’s stock valued at $12,951,000 after purchasing an additional 30,722 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Orla Mining by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,061,455 shares of the company’s stock worth $9,925,000 after purchasing an additional 131,577 shares during the last quarter. Finally, Intact Investment Management Inc. grew its position in Orla Mining by 5.8% in the 1st quarter. Intact Investment Management Inc. now owns 608,929 shares of the company’s stock worth $5,688,000 after purchasing an additional 33,440 shares during the period. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Price Performance

NYSEAMERICAN ORLA opened at $12.15 on Friday. The company has a 50-day moving average price of $11.01 and a 200-day moving average price of $10.64. Orla Mining Ltd. has a 52 week low of $3.81 and a 52 week high of $13.91. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.96 billion, a P/E ratio of 243.05 and a beta of 0.33.

Wall Street Analysts Forecast Growth

Separately, CIBC reiterated an “outperform” rating on shares of Orla Mining in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $23.00.

Orla Mining Company 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.