Tudor Investment Corp ET AL Invests $776,000 in Orla Mining Ltd. $ORLA
by Teresa Graham · The Cerbat GemTudor Investment Corp ET AL acquired a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 71,870 shares of the company’s stock, valued at approximately $776,000.
Other institutional investors also recently made changes to their positions in the company. Parvin Asset Management LLC raised its stake in shares of Orla Mining by 2.2% during the 3rd quarter. Parvin Asset Management LLC now owns 69,675 shares of the company’s stock worth $752,000 after buying an additional 1,475 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Orla Mining by 13.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock valued at $144,000 after purchasing an additional 1,637 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in Orla Mining in the 3rd quarter valued at about $27,000. XML Financial LLC raised its stake in Orla Mining by 13.2% in the 3rd quarter. XML Financial LLC now owns 27,800 shares of the company’s stock valued at $300,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Orla Mining by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,948 shares during the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.
Orla Mining Stock Down 1.7%
Shares of NYSEAMERICAN:ORLA opened at $17.79 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market capitalization of $6.15 billion, a P/E ratio of 68.43 and a beta of 0.37. The stock has a 50-day simple moving average of $17.16 and a 200-day simple moving average of $14.51. Orla Mining Ltd. has a 1 year low of $8.50 and a 1 year high of $21.98.
Analysts Set New Price Targets
ORLA has been the subject of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. National Bank Financial started coverage on shares of Orla Mining in a research note on Monday, January 12th. They set an “outperform” rating for the company. Finally, Zacks Research downgraded shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $27.00.
Read Our Latest Stock Report on ORLA
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.
Further Reading
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