Stratos Wealth Advisors LLC Decreases Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Stratos Wealth Advisors LLC lowered its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,000 shares of the company’s stock after selling 4,204 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Orla Mining were worth $144,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Orla Mining in the second quarter worth approximately $102,000. Toronto Dominion Bank lifted its position in shares of Orla Mining by 536.1% during the 2nd quarter. Toronto Dominion Bank now owns 27,563 shares of the company’s stock worth $106,000 after buying an additional 23,230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 buying an additional 27,315 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Orla Mining by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock worth $679,000 after buying an additional 4,827 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Orla Mining during the 1st quarter worth approximately $893,000. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank boosted their price objective on shares of Orla Mining from $5.75 to $6.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th.

Orla Mining Stock Performance

Shares of NYSEAMERICAN:ORLA opened at $5.15 on Wednesday. The company has a market cap of $1.65 billion, a PE ratio of -103.00 and a beta of 0.83. The company has a quick ratio of 5.02, a current ratio of 5.89 and a debt-to-equity ratio of 0.18. Orla Mining Ltd. has a twelve month low of $2.60 and a twelve month high of $5.15.

Orla Mining (NYSEAMERICAN:ORLA) last announced its earnings results on Monday, August 12th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The business 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%. As a group, sell-side analysts predict that Orla Mining Ltd. will post 0.23 earnings per share for the current fiscal year.

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.