U S Global Investors Inc. Invests $1.06 Million in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

U S Global Investors Inc. acquired a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 192,125 shares of the company’s stock, valued at approximately $1,063,000.

A number of other hedge funds have also recently added to or reduced their stakes in ORLA. International Assets Investment Management LLC acquired a new stake in Orla Mining in the 3rd quarter valued at about $43,000. Kitching Partners LLC purchased a new position in Orla Mining during the 3rd quarter valued at about $48,000. Walleye Capital LLC purchased a new stake in Orla Mining during the third quarter worth about $69,000. DF Dent & Co. Inc. purchased a new position in shares of Orla Mining in the third quarter valued at approximately $80,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Orla Mining in the third quarter valued at approximately $90,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Trading Down 4.1 %

ORLA opened at $7.01 on Friday. The stock has a market cap of $2.26 billion, a PE ratio of -700.30 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. Orla Mining Ltd. has a one year low of $3.16 and a one year high of $7.62.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen started coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating on the stock. Desjardins upgraded Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. TD Securities upgraded Orla Mining to a “hold” rating in a research note on Tuesday, February 4th. Finally, Scotiabank raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Orla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $6.13.

Orla Mining Company Profile

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.