Orla Mining Ltd. $ORLA Shares Bought by Groupama Asset Managment

Groupama Asset Managment increased its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 38.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 444,142 shares of the company’s stock after buying an additional 122,235 shares during the quarter. Groupama Asset Managment’s holdings in Orla Mining were worth $5,983,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ORLA. CIBC Private Wealth Group LLC acquired a new stake in Orla Mining in the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Orla Mining during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. increased its stake in shares of Orla Mining by 67.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after acquiring an additional 1,889 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Orla Mining by 197.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after purchasing an additional 3,524 shares during the last quarter. Finally, 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. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Price Performance

Shares of NYSEAMERICAN ORLA opened at $10.38 on Friday. Orla Mining Ltd. has a twelve month low of $9.16 and a twelve month high of $21.98. The business’s 50 day moving average price is $13.48 and its two-hundred day moving average price is $15.01. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a market cap of $3.59 billion, a PE ratio of 15.26 and a beta of 0.21.

Orla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.6%. Orla Mining’s dividend payout ratio is presently -599.40%.

Analyst Ratings Changes

A number of research firms recently weighed in on ORLA. Zacks Research cut shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. ATB Cormark Capital Markets raised Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 23rd. TD Securities upgraded Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, TD Cowen raised Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and an average price target of $27.00.

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.