Renaissance Technologies LLC bought a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,600 shares of the company’s stock, valued at approximately $102,000.
A number of other hedge funds have also bought and sold shares of the business. American Century Companies Inc. lifted its stake in Orla Mining by 4.3% during the second quarter. American Century Companies Inc. now owns 412,400 shares of the company’s stock worth $1,583,000 after purchasing an additional 17,100 shares during the last quarter. U S Global Investors Inc. lifted its position in Orla Mining by 20.7% in the 2nd quarter. U S Global Investors Inc. now owns 301,660 shares of the company’s stock valued at $1,282,000 after acquiring an additional 51,660 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Orla Mining in the 2nd quarter valued at approximately $1,151,000. CIBC Asset Management Inc lifted its position in Orla Mining by 7.9% in the 2nd quarter. CIBC Asset Management Inc now owns 293,268 shares of the company’s stock valued at $1,125,000 after acquiring an additional 21,576 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of Orla Mining during the 1st quarter valued at $893,000. 43.04% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Scotiabank increased their price objective on shares of Orla Mining from $5.75 to $6.00 and gave the company a “sector perform” rating in a report on Friday.
Orla Mining Price Performance
Shares of ORLA opened at $4.50 on Monday. The stock has a market capitalization of $1.44 billion, a P/E ratio of -90.00 and a beta of 0.83. The company has a quick ratio of 5.02, a current ratio of 5.89 and a debt-to-equity ratio of 0.18. Orla Mining Ltd. has a 12-month low of $2.60 and a 12-month high of $4.64.
Orla Mining (NYSEAMERICAN:ORLA – Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Orla Mining had a negative net margin of 4.12% and a positive return on equity of 14.36%. The business had revenue of $84.57 million during the quarter. On average, sell-side analysts anticipate that Orla Mining Ltd. will post 0.23 earnings per share for the current year.
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.
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