Walleye Capital LLC Invests $69,000 in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Walleye Capital LLC bought a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,364 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds also recently made changes to their positions in the company. CWA Asset Management Group LLC acquired a new stake in shares of Orla Mining in the third quarter valued at about $5,927,000. D.A. Davidson & CO. acquired a new stake in shares of Orla Mining in the third quarter valued at about $1,539,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Orla Mining in the second quarter valued at about $1,151,000. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Orla Mining by 16.3% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,295,214 shares of the company’s stock valued at $4,969,000 after purchasing an additional 181,900 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Orla Mining by 67.2% in the third quarter. The Manufacturers Life Insurance Company now owns 296,097 shares of the company’s stock valued at $1,192,000 after purchasing an additional 118,961 shares during the period. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $5.63 on Friday. 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 twelve month low of $2.64 and a twelve month high of $5.80. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -562.44 and a beta of 0.76.

Analyst Ratings Changes

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

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.