Ewing Morris & Co. Investment Partners Ltd. Purchases New Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 73,000 shares of the company’s stock, valued at approximately $404,000.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Orla Mining by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 114,628 shares of the company’s stock worth $463,000 after buying an additional 12,159 shares during the last quarter. Barclays PLC increased its position in shares of Orla Mining by 86.5% in the third 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. JPMorgan Chase & Co. grew its position in shares of Orla Mining by 262.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,408 shares of the company’s stock worth $1,138,000 after buying an additional 205,911 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in Orla Mining by 39.4% in the fourth quarter. Stratos Wealth Advisors LLC now owns 50,185 shares of the company’s stock valued at $278,000 after acquiring an additional 14,185 shares in the last quarter. Finally, Quattro Financial Advisors LLC increased its position in shares of Orla Mining by 106.9% during the fourth quarter. Quattro Financial Advisors LLC now owns 118,615 shares of the company’s stock valued at $707,000 after buying an additional 61,280 shares during the period. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Down 5.6 %

Shares of NYSEAMERICAN:ORLA opened at $10.71 on Friday. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -1,069.93 and a beta of 0.71. The business has a 50-day moving average price of $9.56 and a 200 day moving average price of $6.59. Orla Mining Ltd. has a 12-month low of $3.24 and a 12-month high of $11.95.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ORLA. Stifel Canada upgraded Orla Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. TD Securities raised Orla Mining to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen assumed coverage on Orla Mining in a research report on Tuesday, February 4th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $6.13.

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.