First Eagle Investment Management LLC Has $68.89 Million Stock Holdings in Orla Mining Ltd. $ORLA

First Eagle Investment Management LLC lowered its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 14.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,852,706 shares of the company’s stock after selling 1,188,239 shares during the quarter. First Eagle Investment Management LLC’s holdings in Orla Mining were worth $68,886,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. acquired a new stake in Orla Mining in the second quarter worth $30,000. IFP Advisors Inc increased its position in shares of Orla Mining by 191.6% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock valued at $40,000 after buying an additional 2,616 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Orla Mining during the 1st quarter worth $86,000. 111 Capital bought a new position in Orla Mining during the second quarter worth about $102,000. Finally, Plato Investment Management Ltd acquired a new position in Orla Mining in the first quarter valued at about $138,000. Institutional investors own 43.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ORLA. Scotiabank reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Thursday, October 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Orla Mining in a research note on Tuesday, October 21st. Finally, CIBC restated an “outperform” rating on shares of Orla Mining in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $9.56 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.85. The stock has a 50 day moving average price of $11.09 and a 200 day moving average price of $10.71. The stock has a market capitalization of $3.23 billion, a PE ratio of 191.24 and a beta of 0.33. Orla Mining Ltd. has a 52 week low of $3.81 and a 52 week high of $13.91.

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.