1,400,000 Shares in Orla Mining Ltd. $ORLA Acquired by Mudita Advisors LLP

Mudita Advisors LLP purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,400,000 shares of the company’s stock, valued at approximately $15,119,000. Orla Mining accounts for approximately 4.4% of Mudita Advisors LLP’s investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORLA. TD Waterhouse Canada Inc. lifted its holdings in shares of Orla Mining by 50.0% during the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock worth $53,000 after buying an additional 1,789 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Orla Mining during the third quarter worth about $58,000. Osaic Holdings Inc. raised its stake in Orla Mining by 82.2% in the 2nd quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after purchasing an additional 4,584 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Orla Mining in the 2nd quarter valued at about $108,000. Finally, State of Wyoming bought a new stake in Orla Mining in the 2nd quarter valued at about $109,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ORLA. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a research 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. BMO Capital Markets reaffirmed an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. National Bank Financial initiated coverage on Orla Mining in a research report on Monday, January 12th. They set an “outperform” rating for the company. Finally, ATB Cormark Capital Markets raised Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $27.00.

Orla Mining Price Performance

ORLA traded down $0.65 during trading on Friday, hitting $16.48. 175,741 shares of the stock traded hands, compared to its average volume of 2,147,250. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 0.88. Orla Mining Ltd. has a twelve month low of $7.08 and a twelve month high of $21.98. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 127.06 and a beta of 0.23. The business has a 50 day moving average price of $17.04 and a 200 day moving average price of $13.68.

Orla Mining 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.