Prem Watsa's Investment Adjustments in Q4 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy ORLA?
Source: Yahoo Finance
- Portfolio Adjustments: In Q4 2025, Prem Watsa added three stocks, with Under Armour Inc being the largest addition at 9,457,355 shares valued at $45.4 million, representing 2.18% of the portfolio, indicating confidence in the brand's future growth.
- Significant Stake Increase: Watsa increased his stake in Under Armour Inc by 35,647,123 shares, a 564.77% rise, bringing total holdings to 41,958,923 shares, reflecting strong optimism about the company and an expected 8.5% positive impact on the portfolio.
- Complete Exits: Watsa fully exited positions in Dollar Tree Inc and Franco-Nevada Corp, selling 44,380 shares and 16,800 shares respectively, resulting in -0.2% and -0.18% impacts on the portfolio, demonstrating a cautious outlook on these companies.
- Reduction Dynamics: He reduced his position in Orla Mining Ltd by 25,000,000 shares, leading to a 44% decrease in holdings and a -13.01% impact on the portfolio, indicating a pessimistic view on the stock's future performance.
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Analyst Views on ORLA
Wall Street analysts forecast ORLA stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 16.970
Low
15.14
Averages
18.60
High
23.07
Current: 16.970
Low
15.14
Averages
18.60
High
23.07
About ORLA
Orla Mining Ltd. is a Canada-based company, which focuses on acquiring, developing, and operating mineral properties. The Company has three material projects, consisting of two operating mines and one development project, all 100% owned by the Company. Its Camino Rojo, in Zacatecas State, Mexico, is an operating gold and silver open-pit and heap leach mine. The property covers over 139,000 hectares which contains a large oxide and sulfide mineral resource. Its Musselwhite Mine, in Northwestern Ontario, Canada, is an underground gold mine that produces close to six million ounces of gold. Musselwhite Gold Mine is located on the shore of Opapimiskan Lake in Northwestern Ontario. The South Carlin Complex, including the South Railroad Project, is a promising 25,000-hectare land package situated on the historic Carlin Trend. The Company’s South Railroad, in Nevada, United States, is a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Exploration Advancements: GoldHaven Resources confirmed gold mineralization at its Copeçal West Target in Brazil, with initial drilling returning 39 meters at 0.11 g/t gold, validating the area's mineralization potential and laying the groundwork for follow-up drilling.
- Copper Supply Deficit: S&P Global forecasts a 10 million metric tonne copper supply deficit by 2040, with demand projected to reach 42 million metric tonnes, indicating a supply-demand imbalance in the metals market that could further elevate gold prices, benefiting mining firms.
- Optimistic Industry Outlook: Companies like Orla Mining and Lundin Gold have issued strong production guidance, with Orla Mining expecting to produce 340,000 to 360,000 ounces in 2026, reflecting a positive trend across the industry that attracts investor interest.
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Gold Surpasses $5,000, Optimistic Outlook Ahead
- Gold Price Surge: In February 2026, gold prices exceeded $5,000 per ounce, reflecting a 70% increase from 2025, indicating strong market demand and investor confidence, which is expected to drive profit growth for related companies.
- Supply-Demand Imbalance: S&P Global forecasts a copper supply deficit of 10 million metric tonnes by 2040, with demand reaching 42 million metric tonnes, suggesting that accelerated infrastructure and defense spending will further elevate metal prices, impacting mining companies' strategic positioning.
- GoldHaven Progress: GoldHaven confirmed gold mineralization at its Copeçal West Target in Brazil with its first drilling, revealing 39 meters of gold-bearing rock, indicating significant potential value in the area and laying a foundation for future exploration and development.
- Industry Developments: Orla Mining achieved record quarterly production in Q4 2025, surpassing 300,000 ounces for the first time, showcasing its strong production capabilities and market competitiveness, which is expected to continue driving shareholder returns and company growth.
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Prem Watsa's Investment Adjustments in Q4 2025
- Portfolio Adjustments: In Q4 2025, Prem Watsa added three stocks, with Under Armour Inc being the largest addition at 9,457,355 shares valued at $45.4 million, representing 2.18% of the portfolio, indicating confidence in the brand's future growth.
- Significant Stake Increase: Watsa increased his stake in Under Armour Inc by 35,647,123 shares, a 564.77% rise, bringing total holdings to 41,958,923 shares, reflecting strong optimism about the company and an expected 8.5% positive impact on the portfolio.
- Complete Exits: Watsa fully exited positions in Dollar Tree Inc and Franco-Nevada Corp, selling 44,380 shares and 16,800 shares respectively, resulting in -0.2% and -0.18% impacts on the portfolio, demonstrating a cautious outlook on these companies.
- Reduction Dynamics: He reduced his position in Orla Mining Ltd by 25,000,000 shares, leading to a 44% decrease in holdings and a -13.01% impact on the portfolio, indicating a pessimistic view on the stock's future performance.
See More
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- Lake Victoria Gold Progress: Lake Victoria Gold completed critical geotechnical studies at its Imwelo Project in Tanzania, supporting the consolidation of multiple isolated pits into a single continuous open pit, optimizing mine design and advancing production planning.
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Gold Prices Surpass $5,000; GoldHaven Confirms New Mineralization
- Surging Gold Prices: In February 2026, gold prices exceeded $5,000 per ounce, reflecting a 70% increase from the previous year, driven by strong market demand and central bank purchases of 850 tonnes, which are expected to boost profits for mining companies.
- Exploration Advancements: GoldHaven Resources confirmed gold mineralization at its Copeçal West Target in Brazil, with initial drilling returning 39 meters at 0.11 g/t gold, validating the area's mineralization potential and laying the groundwork for follow-up drilling.
- Copper Supply Deficit: S&P Global forecasts a 10 million metric tonne copper supply deficit by 2040, with demand projected to reach 42 million metric tonnes, indicating a supply-demand imbalance in the metals market that could further elevate gold prices, benefiting mining firms.
- Optimistic Industry Outlook: Companies like Orla Mining and Lundin Gold have issued strong production guidance, with Orla Mining expecting to produce 340,000 to 360,000 ounces in 2026, reflecting a positive trend across the industry that attracts investor interest.
See More
Gold Surpasses $5,000, Optimistic Outlook Ahead
- Gold Price Surge: In February 2026, gold prices exceeded $5,000 per ounce, reflecting a 70% increase from 2025, indicating strong market demand and investor confidence, which is expected to drive profit growth for related companies.
- Supply-Demand Imbalance: S&P Global forecasts a copper supply deficit of 10 million metric tonnes by 2040, with demand reaching 42 million metric tonnes, suggesting that accelerated infrastructure and defense spending will further elevate metal prices, impacting mining companies' strategic positioning.
- GoldHaven Progress: GoldHaven confirmed gold mineralization at its Copeçal West Target in Brazil with its first drilling, revealing 39 meters of gold-bearing rock, indicating significant potential value in the area and laying a foundation for future exploration and development.
- Industry Developments: Orla Mining achieved record quarterly production in Q4 2025, surpassing 300,000 ounces for the first time, showcasing its strong production capabilities and market competitiveness, which is expected to continue driving shareholder returns and company growth.
See More
Prem Watsa's Investment Adjustments in Q4 2025
- Portfolio Adjustments: In Q4 2025, Prem Watsa added three stocks, with Under Armour Inc being the largest addition at 9,457,355 shares valued at $45.4 million, representing 2.18% of the portfolio, indicating confidence in the brand's future growth.
- Significant Stake Increase: Watsa increased his stake in Under Armour Inc by 35,647,123 shares, a 564.77% rise, bringing total holdings to 41,958,923 shares, reflecting strong optimism about the company and an expected 8.5% positive impact on the portfolio.
- Complete Exits: Watsa fully exited positions in Dollar Tree Inc and Franco-Nevada Corp, selling 44,380 shares and 16,800 shares respectively, resulting in -0.2% and -0.18% impacts on the portfolio, demonstrating a cautious outlook on these companies.
- Reduction Dynamics: He reduced his position in Orla Mining Ltd by 25,000,000 shares, leading to a 44% decrease in holdings and a -13.01% impact on the portfolio, indicating a pessimistic view on the stock's future performance.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Global Gold Production Approaches Stability Amid Low Discoveries
- Gold Production Data: Global gold production reached 3,645 tonnes in 2024, nearing historic stability levels, although new discoveries remain at multi-decade lows, indicating a growing focus on producers.
- Profitability Surge: With gold prices testing $4,900 and average all-in sustaining costs at $1,600 per ounce, profits in the mining sector surged 91% over the past twelve months, setting the stage for a re-rating in 2026.
- Lake Victoria Gold Progress: Lake Victoria Gold completed critical geotechnical studies at its Imwelo Project in Tanzania, supporting the consolidation of multiple isolated pits into a single continuous open pit, optimizing mine design and advancing production planning.
- Kinross Gold Expansion Plans: Kinross Gold announced the advancement of three organic growth projects expected to contribute 300,000 ounces of gold production annually between 2029 and 2031, further extending the mine life of its Nevada assets.
See More
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- Dividend Initiation: Tutor Perini announced a $0.06 quarterly dividend starting November 18, 2025, with the first payment on December 23, 2025, marking a significant turnaround after three years of net losses, as the company expects to report a profit of $4.10 per share for 2025.
- Cash Flow Innovation: By Q3 2025, Tutor Perini achieved record year-to-date operating cash flow of $574.4 million, supported by a historic backlog of $21.6 billion, indicating robust business recovery and future growth potential.
- Share Repurchase Program: The company also announced a $200 million share repurchase program aimed at enhancing earnings per share by reducing the number of outstanding shares, thereby boosting investor confidence and driving stock price appreciation.
- Enhanced Industry Position: As one of the largest general contractors in the U.S., Tutor Perini's dividend policy not only attracts momentum investors but may also provide greater market share and capital inflow in the highly competitive construction industry.
See More
