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

Groupama Asset Managment increased its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 38.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 444,142 shares of the company’s stock after purchasing an additional 122,235 shares during the period. Groupama Asset Managment owned approximately 0.13% of Orla Mining worth $5,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ORLA. Caitong International Asset Management Co. Ltd acquired a new position in Orla Mining in the 4th quarter worth about $29,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Orla Mining during the 3rd quarter valued at approximately $27,000. SBI Securities Co. Ltd. lifted its position in Orla Mining by 67.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after buying an additional 1,889 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Orla Mining by 197.0% during the fourth 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 in the last quarter. Finally, Osaic Holdings Inc. grew its position 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 acquiring an additional 4,584 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Price Performance

ORLA opened at $10.38 on Friday. Orla Mining Ltd. has a 52-week low of $9.16 and a 52-week high of $21.98. The company has a 50 day moving average of $13.48 and a two-hundred day moving average of $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 P/E ratio of 15.26 and a beta of 0.21.

Orla Mining Announces Dividend

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

Wall Street Analyst Weigh In

ORLA has been the subject of several research reports. Zacks Research downgraded 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 issued a Hold rating to the stock. According to MarketBeat, the stock 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.