Tudor Investment Corp ET AL Acquires Shares of 71,870 Orla Mining Ltd. $ORLA

Key Points

• Tudor Investment Corp reported a new Q3 stake in Orla Mining of 71,870 shares, valued at about $776,000, according to its latest 13F filing.
• Other institutions significantly increased exposure—Connor Clark & Lunn now holds 7,251,539 shares (~$78.2M) and Allspring nearly doubled its stake to 1,208,500 shares—leaving 43.04% of ORLA owned by institutional investors.
• ORLA is trading near $17.79 (down ~1.7%), with a market cap of ~$6.15B and a P/E of 68.4; analysts have an average "Buy" rating and an average target price of $27.00, implying notable upside.

Tudor Investment Corp ET AL acquired a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 71,870 shares of the company's stock, valued at approximately $776,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Orla Mining by 99.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,208,500 shares of the company's stock valued at $13,031,000 after acquiring an additional 601,500 shares during the period. Gabelli Funds LLC lifted its stake in Orla Mining by 9.7% during the 3rd quarter. Gabelli Funds LLC now owns 1,125,800 shares of the company's stock valued at $12,159,000 after acquiring an additional 100,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Orla Mining by 41.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company's stock valued at $78,194,000 after acquiring an additional 2,111,765 shares during the period. Forge First Asset Management Inc. acquired a new stake in Orla Mining during the 3rd quarter valued at approximately $1,079,000. Finally, Triasima Portfolio Management inc. acquired a new stake in Orla Mining during the 3rd quarter valued at approximately $2,303,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Trading Down 1.7%

Shares of ORLA opened at $17.79 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. Orla Mining Ltd. has a 12-month low of $8.50 and a 12-month high of $21.98. The firm has a 50-day moving average price of $17.16 and a 200 day moving average price of $14.51. The firm has a market capitalization of $6.15 billion, a P/E ratio of 68.43 and a beta of 0.37.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. ATB Cormark Capital Markets upgraded shares of Orla Mining from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 23rd. Zacks Research cut shares of Orla Mining from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 23rd. Canadian Imperial Bank of Commerce reiterated 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 report on Monday, January 12th. They set an "outperform" rating for the company. Finally, Scotiabank restated an "outperform" rating on shares of Orla Mining in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $27.00.

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.

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