Arrowstreet Capital Limited Partnership Reduces Position in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Arrowstreet Capital Limited Partnership decreased its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 473,398 shares of the company's stock after selling 473,846 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.15% of Orla Mining worth $2,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Artisan Partners Limited Partnership increased its position in Orla Mining by 55.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 33,500 shares of the company's stock valued at $185,000 after purchasing an additional 12,000 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Orla Mining in the 4th quarter valued at $11,944,000. American Century Companies Inc. increased its position in shares of Orla Mining by 4.4% during the fourth quarter. American Century Companies Inc. now owns 431,660 shares of the company's stock worth $2,390,000 after buying an additional 18,374 shares during the period. Quantbot Technologies LP bought a new position in Orla Mining during the fourth quarter worth $206,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in Orla Mining in the fourth quarter valued at $461,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

Shares of ORLA traded down $0.05 on Tuesday, reaching $11.03. 401,971 shares of the company's stock traded hands, compared to its average volume of 1,123,477. The stock's 50 day simple moving average is $8.07 and its two-hundred day simple moving average is $5.97. The company has a current ratio of 4.54, a quick ratio of 3.95 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 $11.23. The stock has a market cap of $3.55 billion, a PE ratio of -1,101.40 and a beta of 0.71.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen assumed coverage on Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating on the stock. TD Securities raised shares of Orla Mining to a "hold" rating in a research note on Tuesday, February 4th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $6.13.

About Orla Mining

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.