PDT Partners LLC Has $282,000 Holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA)

PDT Partners LLC grew its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 53.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,379 shares of the company’s stock after acquiring an additional 24,545 shares during the period. PDT Partners LLC’s holdings in Orla Mining were worth $282,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORLA. Walleye Capital LLC bought a new stake in shares of Orla Mining in the third quarter valued at approximately $69,000. D.A. Davidson & CO. bought a new stake in shares of Orla Mining in the third quarter valued at approximately $1,539,000. The Manufacturers Life Insurance Company boosted 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 buying an additional 118,961 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Orla Mining in the third quarter valued at approximately $242,000. Finally, CWA Asset Management Group LLC bought a new stake in shares of Orla Mining in the third quarter valued at approximately $5,927,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

NYSEAMERICAN ORLA opened at $4.89 on Wednesday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 20.83 and a beta of 0.75. Orla Mining Ltd. has a twelve month low of $2.60 and a twelve month high of $5.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.54 and a quick ratio of 3.95.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Desjardins upgraded Orla Mining to a “moderate buy” rating in a research note on Thursday, October 31st. Scotiabank upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th.

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.