JPMorgan Chase & Co. Has $1.18 Million Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

JPMorgan Chase & Co. trimmed its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,083 shares of the company’s stock after selling 71,325 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Orla Mining worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORLA. Allspring Global Investments Holdings LLC lifted its holdings in shares of Orla Mining by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 452,000 shares of the company’s stock valued at $2,500,000 after buying an additional 2,000 shares during the last quarter. D.A. Davidson & CO. raised its position in Orla Mining by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 392,364 shares of the company’s stock valued at $2,174,000 after acquiring an additional 7,667 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in Orla Mining by 55.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 33,500 shares of the company’s stock valued at $185,000 after acquiring an additional 12,000 shares during the last quarter. Geode Capital Management LLC grew its position in 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 acquiring an additional 12,159 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its stake in shares of Orla Mining by 39.4% during the 4th quarter. Stratos Wealth Advisors LLC now owns 50,185 shares of the company’s stock worth $278,000 after purchasing an additional 14,185 shares during the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. TD Cowen started coverage on Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating on the stock. Stifel Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, TD Securities raised shares of Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. Two research 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $6.13.

Orla Mining Stock Down 1.1 %

Shares of NYSEAMERICAN ORLA opened at $10.72 on Friday. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -1,070.93 and a beta of 0.71. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $11.95. The firm’s 50-day simple moving average is $8.87 and its 200 day simple moving average is $6.30.

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.