UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 24,250 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,953 shares of the company’s stock after selling 24,250 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Orla Mining were worth $640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ORLA. Goehring & Rozencwajg Associates LLC lifted its holdings in Orla Mining by 16.3% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock worth $4,969,000 after purchasing an additional 181,900 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Orla Mining by 67.2% in the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock worth $1,192,000 after buying an additional 118,961 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Orla Mining in the third quarter worth $5,927,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Orla Mining by 50.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock worth $1,812,000 after buying an additional 150,000 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Orla Mining in the 3rd quarter valued at $43,000. Institutional investors own 43.04% of the company’s stock.

Orla Mining Price Performance

Shares of ORLA opened at $5.57 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of -556.44 and a beta of 0.75. Orla Mining Ltd. has a one year low of $3.02 and a one year high of $5.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

Analyst Upgrades and Downgrades

ORLA has been the subject of several research reports. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Desjardins raised shares of Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st.

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.