Orla Mining Ltd. (NYSEAMERICAN:ORLA) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,578,812 shares of the company’s stock after acquiring an additional 31,700 shares during the quarter. Franklin Resources Inc. owned 2.36% of Orla Mining worth $41,914,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORLA. Walleye Capital LLC purchased a new stake in shares of Orla Mining during the third quarter worth $69,000. DF Dent & Co. Inc. purchased a new stake in Orla Mining during the 3rd quarter worth about $80,000. Sanctuary Advisors LLC purchased a new position in shares of Orla Mining in the 3rd quarter valued at about $90,000. Aigen Investment Management LP purchased a new position in shares of Orla Mining in the 4th quarter valued at about $129,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Orla Mining during the fourth quarter worth about $173,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. TD Cowen started coverage on Orla Mining in a report on Tuesday, February 4th. They issued a “hold” rating on the stock. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $6.13.

Orla Mining Stock Performance

Shares of ORLA stock opened at $8.21 on Friday. Orla Mining Ltd. has a 1 year low of $3.24 and a 1 year high of $9.65. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -820.18 and a beta of 0.71. The business’s 50-day moving average price is $7.52.

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.