Van ECK Associates Corp reduced its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,053,841 shares of the company’s stock after selling 784,465 shares during the quarter. Van ECK Associates Corp’s holdings in Orla Mining were worth $29,534,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Orla Mining by 50.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,089 shares of the company’s stock valued at $180,000 after buying an additional 18,375 shares during the period. First Personal Financial Services increased its stake in shares of Orla Mining by 22.1% in the fourth quarter. First Personal Financial Services now owns 38,115 shares of the company’s stock worth $124,000 after acquiring an additional 6,905 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Orla Mining during the third quarter worth $373,000. Bank of Nova Scotia acquired a new stake in Orla Mining during the third quarter valued at $53,000. Finally, Invesco Ltd. grew its stake in Orla Mining by 1.2% in the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company’s stock valued at $20,232,000 after purchasing an additional 69,920 shares in the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.
Orla Mining Stock Down 2.5 %
ORLA opened at $3.92 on Wednesday. The stock has a market cap of $1.24 billion, a PE ratio of 25.12 and a beta of 0.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.07 and a quick ratio of 4.04. Orla Mining Ltd. has a fifty-two week low of $2.60 and a fifty-two week high of $4.82.
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.
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