Orla Mining (NYSEAMERICAN:ORLA) Trading Down 2.4%

Orla Mining Ltd. (NYSEAMERICAN:ORLA) shares fell 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 mid-day trading, a decline of 87% from the average session volume of 413,049 shares. The stock had previously closed at $4.17.

Orla Mining Price Performance

The company has a quick ratio of 5.02, a current ratio of 5.89 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.28 billion, a P/E ratio of -51.93 and a beta of 0.84.

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

Hedge Funds Weigh In On Orla Mining

Several large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in Orla Mining by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock valued at $679,000 after acquiring an additional 4,827 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Orla Mining by 536.1% in the second quarter. Toronto Dominion Bank now owns 27,563 shares of the company’s stock worth $106,000 after buying an additional 23,230 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its holdings in Orla Mining by 16.3% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock valued at $4,969,000 after buying an additional 181,900 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Orla Mining in the 2nd quarter worth approximately $102,000. Finally, American Century Companies Inc. boosted its position in shares of Orla Mining by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 412,400 shares of the company’s stock valued at $1,583,000 after acquiring an additional 17,100 shares during the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

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.