Dynamic Technology Lab Private Ltd Invests $242,000 in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the third quarter, Holdings Channel.com reports. The firm purchased 60,459 shares of the company’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of Orla Mining during the third quarter valued at about $43,000. Renaissance Technologies LLC purchased a new position in shares of Orla Mining in the 2nd quarter worth approximately $102,000. Toronto Dominion Bank increased its position in shares of Orla Mining by 536.1% during the second quarter. Toronto Dominion Bank now owns 27,563 shares of the company’s stock valued at $106,000 after acquiring an additional 23,230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Orla Mining by 92.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,883 shares of the company’s stock worth $218,000 after acquiring an additional 27,315 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Orla Mining by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 177,136 shares of the company’s stock worth $679,000 after purchasing an additional 4,827 shares during the last quarter. 43.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research 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 upgraded shares of Orla Mining to a “moderate buy” rating in a report on Thursday, October 31st.

Orla Mining Trading Up 2.4 %

Orla Mining stock opened at $4.77 on Monday. The company has a current ratio of 4.54, a quick ratio of 3.95 and a debt-to-equity ratio of 0.12. Orla Mining Ltd. has a 12 month low of $2.60 and a 12 month high of $5.16. The company has a market capitalization of $1.53 billion, a P/E ratio of -476.52 and a beta of 0.79.

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.