60,459 Shares in Orla Mining Ltd. (NYSEAMERICAN:ORLA) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 60,459 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Goehring & Rozencwajg Associates LLC lifted its position in shares of Orla Mining by 16.3% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock worth $4,969,000 after buying an additional 181,900 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Orla Mining in the third quarter worth about $5,927,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Orla Mining by 50.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock worth $1,812,000 after acquiring an additional 150,000 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Orla Mining in the 3rd quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Orla Mining during the 2nd quarter valued at approximately $102,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at $4.77 on Monday. The stock has a market cap of $1.53 billion, a P/E ratio of -476.52 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.95 and a current ratio of 4.54. Orla Mining Ltd. has a one year low of $2.60 and a one year high of $5.16.

Wall Street Analysts Forecast Growth

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

Orla Mining Company 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.