Net Worth Advisory Group Makes New $241,000 Investment in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Net Worth Advisory Group purchased a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,461 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors have also recently bought and sold shares of ORLA. Kitching Partners LLC acquired a new stake in Orla Mining during the 3rd quarter worth $48,000. Walleye Capital LLC bought a new position in shares of Orla Mining in the 3rd quarter worth $69,000. DF Dent & Co. Inc. acquired a new stake in shares of Orla Mining during the third quarter worth $80,000. Sanctuary Advisors LLC bought a new stake in Orla Mining in the third quarter valued at about $90,000. Finally, Aigen Investment Management LP acquired a new position in Orla Mining in the fourth quarter valued at about $129,000. Institutional investors own 43.04% of the company’s stock.

Orla Mining Price Performance

Shares of Orla Mining stock opened at $7.80 on Wednesday. The company has a market capitalization of $2.51 billion, a P/E ratio of -779.22 and a beta of 0.71. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $6.32. Orla Mining Ltd. has a 1 year low of $3.24 and a 1 year high of $7.84.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORLA. TD Cowen initiated coverage on Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating for the company. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, TD Securities upgraded shares of Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.