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

Geode Capital Management LLC increased its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,628 shares of the company’s stock after purchasing an additional 12,159 shares during the quarter. Geode Capital Management LLC’s holdings in Orla Mining were worth $463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in shares of Orla Mining by 67.2% in the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock valued at $1,192,000 after buying an additional 118,961 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its position in Orla Mining by 16.3% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock valued at $4,969,000 after acquiring an additional 181,900 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Orla Mining during the third quarter worth about $5,927,000. Allspring Global Investments Holdings LLC lifted its position in shares of Orla Mining by 50.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock worth $1,812,000 after purchasing an additional 150,000 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Orla Mining in the third quarter valued at approximately $43,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Orla Mining Trading Down 0.2 %

Shares of ORLA opened at $5.84 on Monday. 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 Ltd. has a fifty-two week low of $3.02 and a fifty-two week high of $6.05. The stock has a market cap of $1.87 billion, a PE ratio of -583.42 and a beta of 0.75.

Analyst Upgrades and Downgrades

ORLA has been the topic of a number of analyst reports. Scotiabank raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Desjardins upgraded shares of Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st.

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.