TD Asset Management Inc Increases Position in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

TD Asset Management Inc grew its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA – Get Rating) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 448,499 shares of the company’s stock after acquiring an additional 2,984 shares during the quarter. TD Asset Management Inc owned about 0.15% of Orla Mining worth $1,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new position in Orla Mining during the 3rd quarter worth $32,000. Virtu Financial LLC purchased a new position in Orla Mining during the 3rd quarter worth $33,000. First Trust Advisors LP purchased a new position in Orla Mining during the 3rd quarter worth $34,000. Cubist Systematic Strategies LLC purchased a new position in Orla Mining during the 3rd quarter worth $52,000. Finally, Pictet Asset Management SA acquired a new stake in Orla Mining during the 3rd quarter worth about $70,000. 30.33% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on ORLA. TD Securities lifted their price target on Orla Mining from C$7.00 to C$8.00 in a research report on Wednesday, April 5th. Desjardins lowered their price target on Orla Mining from C$6.50 to C$6.00 in a research report on Tuesday, January 17th. Finally, Scotiabank boosted their price objective on Orla Mining from C$6.25 to C$6.75 in a report on Wednesday, April 12th.

Orla Mining Price Performance

Shares of ORLA stock opened at $4.72 on Tuesday. The stock has a market capitalization of $1.45 billion, a PE ratio of 22.81 and a beta of 0.82. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. Orla Mining Ltd. has a 52-week low of $2.30 and a 52-week high of $5.02.

Orla Mining Company Profile

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Orla Mining Ltd. is a capital pool company, which engages in the business of acquisition, exploration, development, and operation of mineral properties. Its material gold projects include Camino Rojo, South Railroad, and Cerro Quema. The company was founded on May 31, 2007 and is headquartered in Vancouver, Canada.

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