Bank of Montreal Can Sells 263,398 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Bank of Montreal Can lessened its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,170,033 shares of the company’s stock after selling 263,398 shares during the period. Bank of Montreal Can owned 0.99% of Orla Mining worth $12,375,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rathbones Group PLC grew its holdings in Orla Mining by 37.4% during the fourth quarter. Rathbones Group PLC now owns 20,950 shares of the company’s stock valued at $69,000 after purchasing an additional 5,700 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Orla Mining during the 2nd quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Orla Mining by 92.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,883 shares of the company’s stock worth $218,000 after acquiring an additional 27,315 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Orla Mining by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 236,826 shares of the company’s stock valued at $775,000 after purchasing an additional 5,771 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Orla Mining in the first quarter valued at about $893,000. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Price Performance

ORLA opened at $3.97 on Monday. Orla Mining Ltd. has a 1-year low of $2.60 and a 1-year high of $4.50. The company has a market capitalization of $1.27 billion, a PE ratio of -49.62 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.89 and a quick ratio of 5.02.

Orla Mining (NYSEAMERICAN:ORLA) last issued its earnings results on Monday, August 12th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Orla Mining had a positive return on equity of 14.36% and a negative net margin of 4.12%. The business had revenue of $84.57 million during the quarter. Equities research analysts predict that Orla Mining Ltd. will post 0.23 earnings per share for the current fiscal year.

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.