Healthcare of Ontario Pension Plan Trust Fund Purchases New Shares in Orla Mining Ltd. $ORLA

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 71,848 shares of the company’s stock, valued at approximately $1,155,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sprott Inc. increased its stake in Orla Mining by 1.8% in the 4th quarter. Sprott Inc. now owns 45,822 shares of the company’s stock valued at $617,000 after buying an additional 799 shares during the last quarter. Parvin Asset Management LLC boosted its stake in shares of Orla Mining by 1.2% in the 4th quarter. Parvin Asset Management LLC now owns 70,500 shares of the company’s stock worth $950,000 after buying an additional 825 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Orla Mining by 67.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after buying an additional 1,889 shares during the last quarter. Mariner LLC grew its holdings in shares of Orla Mining by 15.3% in the fourth quarter. Mariner LLC now owns 14,929 shares of the company’s stock valued at $201,000 after acquiring an additional 1,976 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Orla Mining in the fourth quarter valued at approximately $29,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORLA has been the topic of a number of recent analyst reports. Zacks Research lowered Orla Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $27.00.

Orla Mining Price Performance

ORLA stock opened at $9.44 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 13.88 and a beta of 0.28. Orla Mining Ltd. has a fifty-two week low of $8.43 and a fifty-two week high of $21.98. The stock has a fifty day moving average of $10.23 and a 200-day moving average of $14.10.

Orla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, May 26th. Orla Mining’s dividend payout ratio is presently -599.40%.

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.