Jane Street Group LLC Increases Stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Jane Street Group LLC increased its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,002 shares of the company’s stock after acquiring an additional 15,404 shares during the quarter. Jane Street Group LLC owned about 0.07% of Orla Mining worth $853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Orla Mining by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock valued at $679,000 after purchasing an additional 4,827 shares during the last quarter. International Assets Investment Management LLC bought a new position in Orla Mining in the 3rd quarter valued at $43,000. Kitching Partners LLC purchased a new stake in Orla Mining in the 3rd quarter valued at about $48,000. American Century Companies Inc. increased its holdings in Orla Mining by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 412,400 shares of the company’s stock worth $1,583,000 after purchasing an additional 17,100 shares during the period. Finally, Walleye Capital LLC purchased a new stake in Orla Mining in the third quarter worth about $69,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Stock Performance

Shares of ORLA stock opened at $5.54 on Thursday. 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 fifty-two week low of $3.02 and a fifty-two week high of $5.80. The company has a market capitalization of $1.78 billion, a P/E ratio of -553.45 and a beta of 0.75.

Analysts Set New Price Targets

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

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.