Kiker Wealth Management LLC Has $170,000 Position in Orla Mining Ltd. $ORLA

Kiker Wealth Management LLC raised its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 41.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,961 shares of the company’s stock after purchasing an additional 4,963 shares during the quarter. Kiker Wealth Management LLC’s holdings in Orla Mining were worth $170,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ORLA. Ritholtz Wealth Management bought a new position in Orla Mining in the first quarter valued at approximately $164,000. CWA Asset Management Group LLC grew its stake in Orla Mining by 63.3% in the first quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company’s stock valued at $27,284,000 after purchasing an additional 1,131,625 shares in the last quarter. Intact Investment Management Inc. grew its stake in Orla Mining by 5.8% in the first quarter. Intact Investment Management Inc. now owns 608,929 shares of the company’s stock valued at $5,688,000 after purchasing an additional 33,440 shares in the last quarter. XML Financial LLC bought a new position in Orla Mining in the first quarter valued at approximately $214,000. Finally, Oppenheimer & Co. Inc. bought a new position in Orla Mining in the first quarter valued at approximately $238,000. 43.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, CIBC restated an “outperform” rating on shares of Orla Mining in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $23.00.

Orla Mining Stock Performance

ORLA opened at $11.49 on Tuesday. Orla Mining Ltd. has a 12-month low of $3.81 and a 12-month high of $12.91. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 229.85 and a beta of 0.33. The business has a 50 day moving average of $10.78 and a 200-day moving average of $10.56. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

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.