Gabelli Funds LLC Has $12.16 Million Stock Holdings in Orla Mining Ltd. $ORLA

Key Points

• Gabelli Funds LLC increased its stake in Orla Mining by 9.7%, buying 100,000 shares to hold 1,125,800 shares valued at $12.16 million (about 0.33% of the company).
• Analyst sentiment is broadly positive with a consensus "Buy" rating and a consensus price target of $27.00, supported by recent upgrades including moves to "moderate buy" and "strong-buy."
• Orla trades with a market cap of $6.24 billion, a P/E of 139.32, a 1‑year range of $7.02–$21.98, and roughly 43.04% institutional ownership.

Gabelli Funds LLC boosted its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,125,800 shares of the company's stock after purchasing an additional 100,000 shares during the quarter. Gabelli Funds LLC owned about 0.33% of Orla Mining worth $12,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its stake in shares of Orla Mining by 50.0% during the 2nd 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 during the last quarter. Farther Finance Advisors LLC acquired a new position in Orla Mining in the 3rd quarter valued at about $58,000. Osaic Holdings Inc. grew 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 valued at $102,000 after buying an additional 4,584 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Orla Mining in the 2nd quarter valued at about $108,000. Finally, State of Wyoming bought a new position in Orla Mining in the 2nd quarter valued at about $109,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. ATB Cormark Capital Markets upgraded Orla Mining from a "hold" rating to a "moderate buy" rating in a report on Monday, February 23rd. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Orla Mining in a report on Wednesday, February 4th. Zacks Research upgraded Orla Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 11th. Scotiabank reaffirmed an "outperform" rating on shares of Orla Mining in a report on Monday, January 26th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Orla Mining in a research report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $27.00.

Orla Mining Trading Down 1.4%

Shares of ORLA stock opened at $18.11 on Monday. The stock has a market cap of $6.24 billion, a P/E ratio of 139.32 and a beta of 0.23. Orla Mining Ltd. has a 1 year low of $7.02 and a 1 year high of $21.98. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $16.70 and a 200 day simple moving average of $13.52.

About Orla Mining

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.

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