10,408 Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA) Bought by Mariner LLC

Mariner LLC purchased a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,408 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors have also recently bought and sold shares of the business. Scotia Capital Inc. purchased a new position in shares of Orla Mining during the fourth quarter valued at approximately $67,000. Aigen Investment Management LP bought a new position in Orla Mining during the 4th quarter valued at $129,000. Russell Investments Group Ltd. purchased a new position in Orla Mining during the 4th quarter worth $131,000. Raymond James Financial Inc. bought a new stake in shares of Orla Mining in the 4th quarter worth $173,000. Finally, Artisan Partners Limited Partnership raised its holdings in shares of 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 purchasing an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Trading Up 3.6 %

Shares of ORLA stock opened at $11.10 on Friday. The business has a 50-day moving average price of $9.64 and a two-hundred day moving average price of $6.62. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $11.95. 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 firm has a market cap of $3.58 billion, a P/E ratio of -1,108.89 and a beta of 0.71.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ORLA shares. TD Securities raised Orla Mining to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen started coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a “hold” rating for the company. Finally, Stifel Canada raised shares of Orla Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.