Allspring Global Investments Holdings LLC Increases Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Allspring Global Investments Holdings LLC increased its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 504,000 shares of the company’s stock after purchasing an additional 52,000 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Orla Mining were worth $4,708,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA grew its holdings in Orla Mining by 11.4% during the 1st quarter. Baldwin Wealth Partners LLC MA now owns 15,600 shares of the company’s stock worth $146,000 after acquiring an additional 1,600 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Orla Mining by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 116,293 shares of the company’s stock valued at $650,000 after purchasing an additional 1,665 shares in the last quarter. Walleye Capital LLC lifted its position in shares of Orla Mining by 10.2% in the 4th quarter. Walleye Capital LLC now owns 19,128 shares of the company’s stock worth $106,000 after purchasing an additional 1,764 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Orla Mining by 11.8% during the fourth quarter. Gotham Asset Management LLC now owns 19,393 shares of the company’s stock valued at $107,000 after purchasing an additional 2,048 shares in the last quarter. Finally, Mariner LLC bought a new position in shares of Orla Mining during the fourth quarter valued at approximately $58,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at $10.14 on Friday. The company has a market capitalization of $3.30 billion, a PE ratio of -1,014.00 and a beta of 0.35. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.81. The company has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $7.94. Orla Mining Ltd. has a one year low of $3.24 and a one year high of $12.43.

Wall Street Analyst Weigh In

Separately, Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $6.00.

Orla Mining 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.