Sanctuary Advisors LLC Has $75,000 Stock Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Sanctuary Advisors LLC cut its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 39.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,623 shares of the company’s stock after selling 9,000 shares during the period. Sanctuary Advisors LLC’s holdings in Orla Mining were worth $75,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ORLA. International Assets Investment Management LLC acquired a new position in Orla Mining during the third quarter valued at approximately $43,000. CWA Asset Management Group LLC acquired a new position in Orla Mining during the third quarter valued at approximately $5,927,000. Dynamic Technology Lab Private Ltd acquired a new position in Orla Mining during the third quarter valued at approximately $242,000. The Manufacturers Life Insurance Company boosted its position in Orla Mining by 67.2% during the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock valued at $1,192,000 after purchasing an additional 118,961 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Orla Mining in the third quarter valued at approximately $1,539,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, TD Cowen assumed coverage on Orla Mining in a research note on Tuesday, February 4th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.13.

Orla Mining Stock Down 1.1 %

NYSEAMERICAN:ORLA opened at $7.29 on Friday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -728.27 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. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $7.62. The company has a 50 day simple moving average of $6.24.

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.