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

Artisan Partners Limited Partnership grew its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 55.8% during the 4th quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CWA Asset Management Group LLC boosted its holdings in Orla Mining by 20.6% during the 4th quarter. CWA Asset Management Group LLC now owns 1,786,415 shares of the company’s stock valued at $9,897,000 after acquiring an additional 304,748 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Orla Mining by 67.2% during the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock valued at $1,192,000 after purchasing an additional 118,961 shares during the period. Barclays PLC boosted its stake in shares of Orla Mining by 86.5% during the third quarter. Barclays PLC now owns 47,177 shares of the company’s stock valued at $189,000 after purchasing an additional 21,877 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Orla Mining by 262.3% in the third quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock worth $1,138,000 after purchasing an additional 205,911 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Orla Mining by 11.9% in the third quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock worth $463,000 after buying an additional 12,159 shares during the period. 43.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. TD Cowen assumed coverage on shares of Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating for the company. Stifel Canada raised Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, TD Securities raised Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $6.13.

Orla Mining Trading Down 1.6 %

Shares of NYSEAMERICAN ORLA opened at $9.16 on Friday. The stock has a fifty day moving average of $7.17. 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 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 12 month low of $3.24 and a 12 month high of $9.62.

Orla Mining 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.