Orla Mining Ltd. (NYSEAMERICAN:ORLA) Stake Increased by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,002 shares of the company’s stock after purchasing an additional 15,404 shares during the quarter. Jane Street Group LLC’s holdings in Orla Mining were worth $853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CWA Asset Management Group LLC bought a new stake in shares of Orla Mining during the third quarter valued at approximately $5,927,000. Goehring & Rozencwajg Associates LLC increased its position in Orla Mining by 16.3% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock valued at $4,969,000 after acquiring an additional 181,900 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Orla Mining by 50.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 450,000 shares of the company’s stock valued at $1,812,000 after acquiring an additional 150,000 shares in the last quarter. American Century Companies Inc. boosted its position 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 acquiring an additional 17,100 shares during the period. Finally, D.A. Davidson & CO. bought a new position in shares of Orla Mining in the third quarter worth $1,539,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Stock Performance

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 52 week low of $3.02 and a 52 week high of $5.80. The company has a market cap of $1.78 billion, a P/E ratio of -553.45 and a beta of 0.75.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ORLA. Scotiabank upgraded 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 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.