656,792 Shares in Orla Mining Ltd. $ORLA Bought by Fiera Capital Corp

Fiera Capital Corp purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 656,792 shares of the company’s stock, valued at approximately $6,594,000. Fiera Capital Corp owned about 0.20% of Orla Mining at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Salem Investment Counselors Inc. acquired a new position in shares of Orla Mining in the second quarter worth approximately $30,000. IFP Advisors Inc increased its position in Orla Mining by 191.6% during the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock valued at $40,000 after purchasing an additional 2,616 shares during the period. Banque Cantonale Vaudoise bought a new position in Orla Mining during the 1st quarter worth approximately $86,000. 111 Capital acquired a new position in shares of Orla Mining in the 2nd quarter worth approximately $102,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Orla Mining in the 2nd quarter valued at $108,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at $12.09 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.66. Orla Mining Ltd. has a one year low of $3.81 and a one year high of $13.91. The business has a 50-day simple moving average of $11.07 and a 200 day simple moving average of $10.71. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 93.01 and a beta of 0.33.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. CIBC reissued an “outperform” rating on shares of Orla Mining in a research note on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Orla Mining in a report on Tuesday, October 21st. Finally, Scotiabank reissued an “outperform” rating on shares of Orla Mining in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.00.

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.