111 Capital Takes Position in Orla Mining Ltd. $ORLA

111 Capital purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,178 shares of the company’s stock, valued at approximately $102,000.

A number of other large investors have also made changes to their positions in the stock. Russell Investments Group Ltd. grew its position in shares of Orla Mining by 4.6% in the first quarter. Russell Investments Group Ltd. now owns 24,735 shares of the company’s stock valued at $231,000 after purchasing an additional 1,093 shares in the last quarter. Baldwin Wealth Partners LLC MA grew its position in shares of Orla Mining by 11.4% in the first quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company’s stock valued at $146,000 after purchasing an additional 1,600 shares in the last quarter. XML Financial LLC grew its position in shares of Orla Mining by 7.2% in the second quarter. XML Financial LLC now owns 24,550 shares of the company’s stock valued at $246,000 after purchasing an additional 1,650 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of Orla Mining in the second quarter valued at approximately $30,000. Finally, Deutsche Bank AG grew its position in shares of Orla Mining by 14.0% in the first quarter. Deutsche Bank AG now owns 29,021 shares of the company’s stock valued at $271,000 after purchasing an additional 3,575 shares in the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Orla Mining Trading Down 3.2%

ORLA opened at $11.17 on Wednesday. Orla Mining Ltd. has a one year low of $3.81 and a one year high of $12.91. The stock has a market capitalization of $3.64 billion, a PE ratio of 223.44 and a beta of 0.33. The business’s 50 day moving average price is $10.64 and its 200 day moving average price is $10.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.85.

Analyst Ratings Changes

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

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.