12,018 Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA) Bought by Kitching Partners LLC

Kitching Partners LLC purchased a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,018 shares of the company’s stock, valued at approximately $48,000. Orla Mining comprises about 0.1% of Kitching Partners LLC’s investment portfolio, making the stock its 27th largest position.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Orla Mining by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock worth $679,000 after purchasing an additional 4,827 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Orla Mining during the 3rd quarter valued at $43,000. American Century Companies Inc. grew its holdings in Orla Mining by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 412,400 shares of the company’s stock worth $1,583,000 after acquiring an additional 17,100 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Orla Mining in the third quarter valued at about $69,000. Finally, CIBC Asset Management Inc raised its stake in shares of Orla Mining by 7.9% during the second quarter. CIBC Asset Management Inc now owns 293,268 shares of the company’s stock valued at $1,125,000 after acquiring an additional 21,576 shares during the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $4.77 on Friday. Orla Mining Ltd. has a 12 month low of $2.60 and a 12 month high of $5.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 20.74 and a beta of 0.79.

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.