Tudor Investment Corp ET AL Invests $776,000 in Orla Mining Ltd. $ORLA

Tudor Investment Corp ET AL bought a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,870 shares of the company’s stock, valued at approximately $776,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC acquired a new stake in Orla Mining during the 3rd quarter worth about $27,000. Farther Finance Advisors LLC acquired a new position in shares of Orla Mining in the 3rd quarter valued at about $58,000. Osaic Holdings Inc. lifted its holdings in shares of Orla Mining by 82.2% in the 2nd quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock valued at $102,000 after buying an additional 4,584 shares during the period. State of Wyoming purchased a new stake in shares of Orla Mining in the second quarter worth about $109,000. Finally, Swiss Life Asset Management Ltd purchased a new stake in shares of Orla Mining in the third quarter worth about $142,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORLA. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a report on Wednesday, February 4th. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Zacks Research lowered Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. 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. Finally, Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Orla Mining has an average rating of “Buy” and an average price target of $27.00.

Orla Mining Price Performance

NYSEAMERICAN:ORLA opened at $14.58 on Tuesday. Orla Mining Ltd. has a 52 week low of $7.08 and a 52 week high of $21.98. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $5.04 billion, a PE ratio of 56.08 and a beta of 0.23. The stock’s 50-day moving average price is $17.12 and its 200-day moving average price is $14.02.

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.