Triasima Portfolio Management inc. Decreases Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Triasima Portfolio Management inc. reduced its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 65.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 446,645 shares of the company's stock after selling 836,118 shares during the period. Triasima Portfolio Management inc. owned about 0.14% of Orla Mining worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of Orla Mining by 0.7% in the third quarter. Van ECK Associates Corp now owns 9,838,306 shares of the company's stock worth $34,782,000 after acquiring an additional 72,209 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Orla Mining by 0.4% in the third quarter. First Eagle Investment Management LLC now owns 6,875,132 shares of the company's stock worth $24,295,000 after acquiring an additional 26,477 shares during the period. Royal Bank of Canada lifted its stake in shares of Orla Mining by 0.4% in the first quarter. Royal Bank of Canada now owns 6,048,097 shares of the company's stock worth $28,971,000 after acquiring an additional 22,482 shares during the period. Invesco Ltd. lifted its stake in shares of Orla Mining by 1.2% in the third quarter. Invesco Ltd. now owns 5,667,112 shares of the company's stock worth $20,232,000 after acquiring an additional 69,920 shares during the period. Finally, Amundi lifted its stake in shares of Orla Mining by 9.2% in the fourth quarter. Amundi now owns 1,275,500 shares of the company's stock worth $5,408,000 after acquiring an additional 107,200 shares during the period. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Price Performance

ORLA traded down $0.23 during trading on Friday, hitting $3.96. The company's stock had a trading volume of 760,972 shares, compared to its average volume of 569,773. Orla Mining Ltd. has a twelve month low of $2.60 and a twelve month high of $5.02. 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 firm has a market cap of $1.25 billion, a PE ratio of -44.00 and a beta of 0.88.

Orla Mining (NYSEAMERICAN:ORLA - Get Free Report) last issued its earnings results on Tuesday, March 19th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. Orla Mining had a positive return on equity of 11.09% and a negative net margin of 11.56%. The company had revenue of $62.95 million for the quarter. On average, equities analysts anticipate that Orla Mining Ltd. will post 0.1 EPS for the current year.

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.