Van ECK Associates Corp Has $29.65 Million Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Van ECK Associates Corp cut its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,412,464 shares of the company’s stock after selling 370,777 shares during the quarter. Van ECK Associates Corp owned approximately 2.31% of Orla Mining worth $29,650,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORLA. International Assets Investment Management LLC acquired a new stake in shares of Orla Mining in the third quarter valued at approximately $43,000. Renaissance Technologies LLC bought a new position in Orla Mining during the 2nd quarter worth $102,000. Toronto Dominion Bank lifted its stake in shares of Orla Mining by 536.1% in the second quarter. Toronto Dominion Bank now owns 27,563 shares of the company’s stock worth $106,000 after acquiring an additional 23,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Orla Mining by 92.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,883 shares of the company’s stock worth $218,000 after purchasing an additional 27,315 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Orla Mining by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock worth $679,000 after acquiring an additional 4,827 shares in the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Stock Down 0.4 %

Orla Mining stock opened at $4.72 on Tuesday. The firm has a market cap of $1.51 billion, a P/E ratio of -94.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.02 and a current ratio of 5.89. Orla Mining Ltd. has a one year low of $2.60 and a one year high of $5.16.

Orla Mining (NYSEAMERICAN:ORLA) last released its quarterly earnings data on Monday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Orla Mining had a positive return on equity of 14.36% and a negative net margin of 4.12%. The business had revenue of $84.57 million for the quarter. As a group, research analysts anticipate that Orla Mining Ltd. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ORLA. Desjardins raised Orla Mining to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank upped their target price on shares of Orla Mining from $5.75 to $6.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th.

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.