K.J. Harrison & Partners Inc bought a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 80,000 shares of the company’s stock, valued at approximately $781,000.
Other hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new position in Orla Mining during the 4th quarter valued at about $1,197,000. Renaissance Technologies LLC boosted its stake in shares of Orla Mining by 32.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,376,799 shares of the company’s stock valued at $22,208,000 after purchasing an additional 334,600 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Orla Mining by 152.1% during the 4th quarter. Vanguard Group Inc. now owns 8,202,861 shares of the company’s stock worth $110,320,000 after buying an additional 4,948,805 shares during the period. Gabelli Funds LLC grew its position in shares of Orla Mining by 67.2% during the 4th quarter. Gabelli Funds LLC now owns 1,882,700 shares of the company’s stock worth $25,360,000 after buying an additional 756,900 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in shares of Orla Mining during the first quarter worth approximately $2,321,000. Institutional investors own 43.04% of the company’s stock.
Orla Mining Stock Performance
Shares of ORLA stock opened at $9.44 on Tuesday. The stock has a market cap of $3.27 billion, a PE ratio of 13.88 and a beta of 0.28. The stock has a 50-day moving average of $9.69 and a 200-day moving average of $13.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.88. Orla Mining Ltd. has a one year low of $8.43 and a one year high of $21.98.
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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.
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