Toronto Dominion Bank Reduces Stock Position in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Toronto Dominion Bank decreased its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 37.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,165 shares of the company’s stock after selling 10,398 shares during the quarter. Toronto Dominion Bank’s holdings in Orla Mining were worth $69,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Orla Mining in the third quarter valued at approximately $43,000. Kitching Partners LLC purchased a new stake in Orla Mining in the third quarter valued at $48,000. Walleye Capital LLC purchased a new stake in Orla Mining in the third quarter valued at $69,000. DF Dent & Co. Inc. acquired a new position in shares of Orla Mining in the 3rd quarter valued at $80,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Orla Mining during the 2nd quarter worth $102,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Analyst Ratings Changes

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

Orla Mining Price Performance

Shares of Orla Mining stock opened at $5.43 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95. Orla Mining Ltd. has a one year low of $2.94 and a one year high of $5.80. The stock has a market cap of $1.74 billion, a PE ratio of -542.46 and a beta of 0.75.

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.