First Eagle Investment Management LLC Has $44.69 Million Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

First Eagle Investment Management LLC decreased its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,079,816 shares of the company’s stock after selling 19,026 shares during the period. First Eagle Investment Management LLC owned about 2.51% of Orla Mining worth $44,685,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Kitching Partners LLC acquired a new position in Orla Mining in the third quarter worth approximately $48,000. Walleye Capital LLC acquired a new position in Orla Mining in the third quarter worth approximately $69,000. DF Dent & Co. Inc. acquired a new position in Orla Mining in the third quarter worth approximately $80,000. Sanctuary Advisors LLC acquired a new position in Orla Mining in the third quarter worth approximately $90,000. Finally, Aigen Investment Management LP acquired a new position in Orla Mining in the fourth quarter worth approximately $129,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Price Performance

Shares of ORLA stock opened at $8.29 on Friday. The company has a market capitalization of $2.67 billion, a PE ratio of -828.17 and a beta of 0.71. Orla Mining Ltd. has a one year low of $3.24 and a one year high of $8.35. The business has a fifty day moving average price of $6.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

Wall Street Analysts Forecast Growth

ORLA has been the topic of several analyst reports. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. TD Cowen initiated coverage on Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating on the stock. Finally, Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Orla Mining currently has an average rating of “Moderate Buy” and an average price target 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.