FMR LLC raised its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,065,292 shares of the company's stock after acquiring an additional 3,553,481 shares during the period. FMR LLC owned 7.48% of Orla Mining worth $133,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of Orla Mining in the third quarter valued at about $90,000. Aigen Investment Management LP purchased a new stake in shares of Orla Mining during the fourth quarter worth approximately $129,000. Russell Investments Group Ltd. acquired a new stake in shares of Orla Mining during the fourth quarter worth $131,000. Raymond James Financial Inc. purchased a new position in Orla Mining in the 4th quarter valued at $173,000. Finally, Artisan Partners Limited Partnership increased its stake in Orla Mining by 55.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 33,500 shares of the company's stock valued at $185,000 after buying an additional 12,000 shares during the period. Hedge funds and other institutional investors own 43.04% of the company's stock.
Orla Mining Price Performance
Shares of NYSEAMERICAN:ORLA traded down $0.13 on Friday, hitting $11.27. The company had a trading volume of 935,091 shares, compared to its average volume of 618,253. The company has a market cap of $3.63 billion, a PE ratio of -1,125.87 and a beta of 0.71. The business has a 50 day moving average of $8.37 and a 200 day moving average of $6.10. Orla Mining Ltd. has a 52-week low of $3.24 and a 52-week high of $11.71. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ORLA. TD Cowen assumed coverage on Orla Mining in a report on Tuesday, February 4th. They issued a "hold" rating for the company. TD Securities raised Orla Mining to a "hold" rating in a report on Tuesday, February 4th. Finally, Stifel Canada upgraded shares of Orla Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $6.13.
Read Our Latest Report on ORLA
Orla Mining Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Orla Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orla Mining wasn't on the list.
While Orla Mining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
