Gamco Investors INC. ET AL Boosts Stake in Orla Mining Ltd. $ORLA

Gamco Investors INC. ET AL lifted its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 95.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,145 shares of the company’s stock after buying an additional 31,755 shares during the period. Gamco Investors INC. ET AL’s holdings in Orla Mining were worth $704,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ORLA. Farther Finance Advisors LLC purchased a new stake in Orla Mining during the 3rd quarter valued at about $58,000. TD Waterhouse Canada Inc. raised its stake in shares of Orla Mining by 50.0% in the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock worth $53,000 after purchasing an additional 1,789 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Orla Mining by 82.2% in the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after purchasing an additional 4,584 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Orla Mining during the second quarter worth about $108,000. Finally, State of Wyoming acquired a new stake in shares of Orla Mining during the second quarter worth about $109,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Canadian Imperial Bank of Commerce restated 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 report on Wednesday, February 11th. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. Finally, ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. Three analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, Orla Mining presently has an average rating of “Buy” and a consensus price target of $27.00.

Orla Mining Stock Down 2.9%

Shares of ORLA stock opened at $17.74 on Thursday. Orla Mining Ltd. has a twelve month low of $7.08 and a twelve month high of $21.98. The stock has a market cap of $6.11 billion, a P/E ratio of 136.47 and a beta of 0.23. The stock has a 50 day moving average of $16.96 and a 200 day moving average of $13.66. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66.

Orla Mining Company Profile

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.