Geode Capital Management LLC Boosts Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Geode Capital Management LLC boosted its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 11.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 114,628 shares of the company’s stock after acquiring 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.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORLA. Barclays PLC lifted its position in shares of Orla Mining by 86.5% during the 3rd quarter. Barclays PLC now owns 47,177 shares of the company’s stock valued at $189,000 after acquiring an additional 21,877 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Orla Mining in the 3rd quarter valued at approximately $241,000. XTX Topco Ltd acquired a new position in Orla Mining during the third quarter worth $325,000. DF Dent & Co. Inc. acquired a new position in Orla Mining during the third quarter worth $80,000. Finally, National Bank of Canada FI boosted its position in Orla Mining by 21.4% during the third quarter. National Bank of Canada FI now owns 421,108 shares of the company’s stock worth $1,687,000 after purchasing an additional 74,293 shares in the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ORLA shares. Desjardins raised Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th.

Orla Mining Trading Down 0.2 %

Shares of NYSEAMERICAN:ORLA opened at $5.84 on Monday. Orla Mining Ltd. has a one year low of $3.02 and a one year high of $6.05. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -583.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54.

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.