Bessemer Group Inc. Invests $762,000 in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Bessemer Group Inc. bought a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 81,500 shares of the company's stock, valued at approximately $762,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its position in Orla Mining by 17.3% in the fourth quarter. FMR LLC now owns 24,065,292 shares of the company's stock worth $133,264,000 after purchasing an additional 3,553,481 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Orla Mining in the 4th quarter valued at approximately $11,944,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Orla Mining in the 4th quarter worth approximately $9,668,000. CWA Asset Management Group LLC raised its holdings in shares of Orla Mining by 63.3% in the 1st quarter. CWA Asset Management Group LLC now owns 2,918,040 shares of the company's stock worth $27,284,000 after buying an additional 1,131,625 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Orla Mining by 197.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 880,354 shares of the company's stock worth $4,882,000 after buying an additional 584,257 shares during the period. Institutional investors own 43.04% of the company's stock.

Orla Mining Stock Performance

NYSEAMERICAN ORLA traded up $0.09 on Friday, hitting $10.14. 582,132 shares of the stock were exchanged, compared to its average volume of 878,202. The company has a market capitalization of $3.30 billion, a PE ratio of -1,014.00 and a beta of 0.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.62. The business's fifty day moving average is $10.47 and its 200 day moving average is $7.93. Orla Mining Ltd. has a 52 week low of $3.24 and a 52 week high of $12.43.

Analysts Set New Price Targets

Separately, Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $6.00.

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.