Geode Capital Management LLC Grows Position in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Geode Capital Management LLC lifted its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 116,293 shares of the company’s stock after purchasing an additional 1,665 shares during the period. Geode Capital Management LLC’s holdings in Orla Mining were worth $650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORLA. Aigen Investment Management LP acquired a new stake in shares of Orla Mining in the fourth quarter valued at about $129,000. Raymond James Financial Inc. purchased a new position in Orla Mining in the 4th quarter worth approximately $173,000. Artisan Partners Limited Partnership grew its position in Orla Mining by 55.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 33,500 shares of the company’s stock valued at $185,000 after acquiring an additional 12,000 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Orla Mining during the fourth quarter valued at approximately $206,000. Finally, Net Worth Advisory Group acquired a new position in shares of Orla Mining during the fourth quarter worth $241,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ORLA shares. TD Cowen assumed coverage on Orla Mining in a research note on Tuesday, February 4th. They set a “hold” rating for the company. TD Securities upgraded Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Orla Mining has a consensus rating of “Buy” and a consensus target price of $6.13.

Orla Mining Stock Performance

Shares of ORLA stock opened at $10.37 on Friday. The business has a 50 day moving average of $9.16 and a two-hundred day moving average of $6.43. The company has a market cap of $3.34 billion, a P/E ratio of -1,035.96 and a beta of 0.71. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. Orla Mining Ltd. has a 52 week low of $3.24 and a 52 week high of $11.95.

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.