Hillsdale Investment Management Inc. Invests $11.94 Million in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Hillsdale Investment Management Inc. purchased a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,159,377 shares of the company’s stock, valued at approximately $11,944,000. Orla Mining comprises approximately 0.6% of Hillsdale Investment Management Inc.’s holdings, making the stock its 29th biggest position.

Other large investors also recently bought and sold shares of the company. CWA Asset Management Group LLC lifted its position in Orla Mining by 20.6% during the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock valued at $9,897,000 after acquiring an additional 304,748 shares during the period. The Manufacturers Life Insurance Company lifted its position in Orla Mining by 67.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock valued at $1,192,000 after acquiring an additional 118,961 shares during the period. Barclays PLC lifted its position in Orla Mining by 86.5% during the 3rd quarter. Barclays PLC now owns 47,177 shares of the company’s stock valued at $189,000 after acquiring an additional 21,877 shares during the period. JPMorgan Chase & Co. lifted its position in Orla Mining by 262.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock valued at $1,138,000 after acquiring an additional 205,911 shares during the period. Finally, Geode Capital Management LLC lifted its position in Orla Mining by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock valued at $463,000 after acquiring an additional 12,159 shares during the period. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Stock Down 4.9 %

ORLA opened at $8.84 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The firm’s 50 day moving average is $6.84. Orla Mining Ltd. has a twelve month low of $3.24 and a twelve month high of $9.62. The stock has a market capitalization of $2.85 billion, a PE ratio of -883.12 and a beta of 0.71.

Analyst Upgrades and Downgrades

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

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.