Mirae Asset Global Investments Co. Ltd. Has $516,000 Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 5.1% during the 4th quarter, HoldingsChannel reports. The firm owned 157,461 shares of the company’s stock after selling 8,525 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Orla Mining were worth $516,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in Orla Mining by 6.2% during the third quarter. Barclays PLC now owns 106,763 shares of the company’s stock worth $381,000 after acquiring an additional 6,201 shares during the period. Mackenzie Financial Corp grew its position in Orla Mining by 9.6% in the 3rd quarter. Mackenzie Financial Corp now owns 140,442 shares of the company’s stock worth $464,000 after purchasing an additional 12,251 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Orla Mining during the 3rd quarter worth about $54,000. Invesco Ltd. raised its position in shares of Orla Mining by 1.2% during the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company’s stock valued at $20,232,000 after buying an additional 69,920 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Orla Mining by 12.2% in the third quarter. HighTower Advisors LLC now owns 80,617 shares of the company’s stock valued at $290,000 after buying an additional 8,780 shares during the period. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Stock Performance

Shares of ORLA opened at $4.08 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.04 and a current ratio of 5.07. The stock has a market cap of $1.29 billion, a P/E ratio of -45.33 and a beta of 0.88. Orla Mining Ltd. has a 12-month low of $2.60 and a 12-month high of $4.82.

Orla Mining (NYSEAMERICAN:ORLA) last announced its quarterly earnings data on Tuesday, March 19th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $62.95 million for the quarter. Orla Mining had a positive return on equity of 11.09% and a negative net margin of 11.56%. Equities analysts predict that Orla Mining Ltd. will post 0.12 EPS for the current 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.