Orla Mining (NYSEAMERICAN:ORLA) Trading Down 2.4%

Orla Mining Ltd. (NYSEAMERICAN:ORLA)’s share price traded down 2.4% during trading on Friday . The company traded as low as $4.07 and last traded at $4.07. 54,820 shares were traded during trading, a decline of 87% from the average session volume of 413,049 shares. The stock had previously closed at $4.17.

Orla Mining Trading Down 4.8 %

The firm has a market cap of $1.27 billion, a P/E ratio of 22.42 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 posted its quarterly earnings results on Monday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $84.57 million for the quarter. Orla Mining had a positive return on equity of 14.36% and a negative net margin of 4.12%. As a group, equities analysts anticipate that Orla Mining Ltd. will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orla Mining

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWA Asset Management Group LLC grew its stake in Orla Mining by 85.0% during the 4th quarter. CWA Asset Management Group LLC now owns 2,367,033 shares of the company’s stock worth $7,693,000 after buying an additional 1,087,892 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Orla Mining during the 1st quarter worth approximately $893,000. Goehring & Rozencwajg Associates LLC grew its stake in Orla Mining by 3.3% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,035,714 shares of the company’s stock worth $3,379,000 after buying an additional 33,530 shares during the last quarter. Alberta Investment Management Corp grew its stake in Orla Mining by 335.9% during the 4th quarter. Alberta Investment Management Corp now owns 458,600 shares of the company’s stock worth $1,502,000 after buying an additional 353,400 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Orla Mining by 7.9% during the 2nd quarter. CIBC Asset Management Inc now owns 293,268 shares of the company’s stock worth $1,125,000 after buying an additional 21,576 shares during the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

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.