Orla Mining Ltd. $ORLA Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 95.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,145 shares of the company’s stock after buying an additional 31,755 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Orla Mining were worth $704,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its stake in Orla Mining by 17.5% in the 3rd quarter. Barclays PLC now owns 262,432 shares of the company’s stock valued at $2,834,000 after acquiring an additional 39,148 shares during the period. Quantbot Technologies LP acquired a new position in Orla Mining during the third quarter worth $976,000. Ninepoint Partners LP purchased a new position in Orla Mining during the third quarter valued at $1,890,000. Forge First Asset Management Inc. purchased a new position in Orla Mining during the third quarter valued at $1,079,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Orla Mining in the third quarter valued at about $1,079,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORLA shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. Zacks Research raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. National Bank Financial initiated coverage on Orla Mining in a research note on Monday, January 12th. They set an “outperform” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $27.00.

Orla Mining Price Performance

Orla Mining stock opened at $17.74 on Thursday. The company has a fifty day simple moving average of $16.96 and a 200-day simple moving average of $13.66. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 136.47 and a beta of 0.23. The company has a quick ratio of 0.88, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. Orla Mining Ltd. has a 52-week low of $7.08 and a 52-week high of $21.98.

About Orla Mining

Orla Mining is a Canada-based mineral exploration and development company focused on advancing gold and silver projects in the Americas. Its flagship asset is the Cerro Quema oxide gold-silver project in Panama, where the company holds approximately 13,000 hectares of mineral concessions. Through feasibility studies and pilot plant testing, Orla has demonstrated the potential of heap leach processing at Cerro Quema, positioning the asset for transition into construction and production phases.

In addition to Cerro Quema, Orla Mining expanded its portfolio in early 2023 with the acquisition of the Gold Springs project located along the Utah–Nevada border in the United States.