Bank of Montreal Can Has $12.45 Million Position in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Bank of Montreal Can lowered its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 0.5% in the third quarter, HoldingsChannel reports. The fund owned 3,152,880 shares of the company’s stock after selling 17,153 shares during the period. Bank of Montreal Can’s holdings in Orla Mining were worth $12,447,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. U S Global Investors Inc. lifted its position in Orla Mining by 20.7% during the 2nd quarter. U S Global Investors Inc. now owns 301,660 shares of the company’s stock worth $1,282,000 after buying an additional 51,660 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Orla Mining during the second quarter worth about $1,151,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Orla Mining by 92.4% during the second 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 in the last quarter. CIBC Asset Management Inc boosted its position in Orla Mining by 7.9% during the second quarter. CIBC Asset Management Inc now owns 293,268 shares of the company’s stock valued at $1,125,000 after purchasing an additional 21,576 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Orla Mining by 4.3% in the second quarter. American Century Companies Inc. now owns 412,400 shares of the company’s stock valued at $1,583,000 after purchasing an additional 17,100 shares in the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Desjardins raised Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th.

Orla Mining Price Performance

ORLA stock opened at $4.77 on Monday. Orla Mining Ltd. has a 1-year low of $2.60 and a 1-year high of $5.16. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.53 billion, a P/E ratio of -476.52 and a beta of 0.79.

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.