Artisan Partners Limited Partnership Buys 12,000 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Artisan Partners Limited Partnership raised its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 55.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,500 shares of the company’s stock after acquiring an additional 12,000 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Orla Mining were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORLA. Allspring Global Investments Holdings LLC raised its stake in Orla Mining by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock valued at $2,500,000 after acquiring an additional 2,000 shares during the period. D.A. Davidson & CO. increased its stake in shares of Orla Mining by 2.0% in the fourth quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock worth $2,174,000 after purchasing an additional 7,667 shares in the last quarter. Kitching Partners LLC bought a new stake in shares of Orla Mining in the third quarter valued at approximately $48,000. Geode Capital Management LLC lifted its stake in shares of Orla Mining by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock valued at $463,000 after buying an additional 12,159 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in Orla Mining by 39.4% in the 4th quarter. Stratos Wealth Advisors LLC now owns 50,185 shares of the company’s stock worth $278,000 after buying an additional 14,185 shares during the period. 43.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ORLA. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. TD Cowen initiated coverage on shares of Orla Mining in a report on Tuesday, February 4th. They issued a “hold” rating on the stock. Finally, Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Two investment 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.13.

Orla Mining Stock Down 1.6 %

Shares of NYSEAMERICAN ORLA opened at $9.16 on Friday. The business has a 50-day simple moving average of $7.17. Orla Mining Ltd. has a twelve month low of $3.24 and a twelve month high of $9.62. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -915.08 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

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.