90,356 Shares in Orla Mining Ltd. $ORLA Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in 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. The firm purchased 90,356 shares of the company’s stock, valued at approximately $976,000.

Several other institutional investors have also recently bought and sold shares of the business. TD Waterhouse Canada Inc. grew 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 valued at $53,000 after buying an additional 1,789 shares during the last quarter. XML Financial LLC boosted its stake in Orla Mining by 13.2% during 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. Geode Capital Management LLC increased its holdings in Orla Mining by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock worth $1,255,000 after purchasing an additional 3,948 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Orla Mining by 82.2% during 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. Finally, Russell Investments Group Ltd. raised its stake in shares of Orla Mining by 21.5% in the second quarter. Russell Investments Group Ltd. now owns 30,058 shares of the company’s stock worth $301,000 after purchasing an additional 5,323 shares during the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. ATB Cormark Capital Markets raised Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. Zacks Research raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. National Bank Financial started coverage on shares of Orla Mining in a report on Monday, January 12th. They set an “outperform” rating on the stock. Finally, Scotiabank reaffirmed 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. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $27.00.

Orla Mining Price Performance

Shares of NYSEAMERICAN ORLA opened at $18.11 on Friday. The company has a market capitalization of $6.24 billion, a PE ratio of 139.32 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. The stock’s 50 day moving average price is $16.70 and its 200-day moving average price is $13.47. Orla Mining Ltd. has a twelve month low of $7.02 and a twelve month high of $21.98.

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.