Fmr LLC Has $82.51 Million Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

FMR LLC trimmed its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,511,811 shares of the company's stock after selling 284,900 shares during the quarter. FMR LLC owned approximately 6.39% of Orla Mining worth $82,505,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Orla Mining in the 3rd quarter valued at $43,000. Renaissance Technologies LLC acquired a new position in Orla Mining in the second quarter valued at about $102,000. Toronto Dominion Bank boosted its holdings in Orla Mining by 536.1% during the second 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 grew 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 period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Orla Mining in the 3rd quarter valued at about $242,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ORLA shares. Desjardins raised shares of Orla Mining to a "moderate buy" rating in a report on Thursday, October 31st. Scotiabank raised Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th.

Orla Mining Trading Down 0.6 %

Shares of Orla Mining stock traded down $0.03 on Friday, reaching $4.99. 463,634 shares of the company were exchanged, compared to its average volume of 432,897. The company has a quick ratio of 3.95, a current ratio of 4.54 and a debt-to-equity ratio of 0.12. Orla Mining Ltd. has a one year low of $2.60 and a one year high of $5.16. The stock has a market cap of $1.60 billion, a P/E ratio of -501.50 and a beta of 0.75.

Orla Mining 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.