Bank of Montreal Can Sells 40,121 Shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Bank of Montreal Can cut its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,112,759 shares of the company's stock after selling 40,121 shares during the period. Bank of Montreal Can owned approximately 0.97% of Orla Mining worth $17,215,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Walleye Capital LLC bought a new position in Orla Mining in the 3rd quarter worth $69,000. Sanctuary Advisors LLC acquired a new position in shares of Orla Mining during the 3rd quarter worth about $90,000. Aigen Investment Management LP acquired a new stake in Orla Mining in the 4th quarter valued at approximately $129,000. Russell Investments Group Ltd. bought a new position in Orla Mining in the 4th quarter worth approximately $131,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Orla Mining during the fourth quarter worth approximately $173,000. 43.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORLA. Stifel Canada upgraded Orla Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. TD Cowen assumed coverage on shares of Orla Mining in a report on Tuesday, February 4th. They set a "hold" rating for the company. Finally, TD Securities raised shares of Orla Mining to a "hold" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $6.13.

Orla Mining Stock Down 1.6 %

Shares of NYSEAMERICAN:ORLA traded down $0.19 during trading on Thursday, hitting $11.22. 465,837 shares of the company were exchanged, compared to its average volume of 615,654. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -1,118.38 and a beta of 0.71. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. Orla Mining Ltd. has a fifty-two week low of $3.24 and a fifty-two week high of $11.71. The firm has a fifty day moving average price of $8.27 and a two-hundred day moving average price of $6.05.

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.