Allspring Global Investments Holdings LLC Buys 150,000 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Allspring Global Investments Holdings LLC grew its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 50.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 450,000 shares of the company’s stock after acquiring an additional 150,000 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Orla Mining were worth $1,812,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Orla Mining during the first quarter worth approximately $893,000. Goehring & Rozencwajg Associates LLC grew its holdings in Orla Mining by 16.3% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock worth $4,969,000 after acquiring an additional 181,900 shares during the period. U S Global Investors Inc. lifted its stake in Orla Mining by 20.7% in the second quarter. U S Global Investors Inc. now owns 301,660 shares of the company’s stock valued at $1,282,000 after buying an additional 51,660 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Orla Mining by 92.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,883 shares of the company’s stock valued at $218,000 after purchasing an additional 27,315 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Orla Mining in the second quarter valued at about $102,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their price objective on shares of Orla Mining from $5.75 to $6.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th.

Orla Mining Stock Down 2.4 %

NYSEAMERICAN:ORLA opened at $4.84 on Thursday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -96.80 and a beta of 0.83. The company has a current ratio of 5.89, a quick ratio of 5.02 and a debt-to-equity ratio of 0.18. Orla Mining Ltd. has a twelve month low of $2.60 and a twelve month high of $5.16.

Orla Mining (NYSEAMERICAN:ORLA) last issued its earnings results on Monday, August 12th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $84.57 million during the quarter. Orla Mining had a positive return on equity of 14.36% and a negative net margin of 4.12%. Sell-side analysts anticipate that Orla Mining Ltd. will post 0.25 EPS for the current fiscal year.

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.