213,489 Shares in Orla Mining Ltd. $ORLA Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. acquired a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 213,489 shares of the company’s stock, valued at approximately $2,303,000.

Other large investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Orla Mining by 33.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company’s stock worth $51,667,000 after acquiring an additional 1,296,774 shares in the last quarter. Covea Finance purchased a new position in Orla Mining in the 3rd quarter worth approximately $10,158,000. Fiera Capital Corp bought a new position in Orla Mining in the 2nd quarter valued at approximately $6,594,000. Allspring Global Investments Holdings LLC boosted its stake in Orla Mining by 99.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,208,500 shares of the company’s stock valued at $13,031,000 after purchasing an additional 601,500 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in Orla Mining in the 2nd quarter worth about $5,892,000. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Orla Mining Trading Up 10.5%

Shares of ORLA stock opened at $16.28 on Tuesday. The company has a 50-day moving average of $13.47 and a two-hundred day moving average of $11.75. Orla Mining Ltd. has a 1-year low of $5.72 and a 1-year high of $15.66. The firm has a market cap of $5.54 billion, a PE ratio of 125.36 and a beta of 0.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 0.88.

Orla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Monday, January 12th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, January 12th. Orla Mining’s dividend payout ratio is presently -599.40%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Natl Bk Canada upgraded Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th. CIBC restated an “outperform” rating on shares of Orla Mining in a research note on Monday, October 20th. Royal Bank Of Canada restated an “outperform” rating on shares of Orla Mining in a research note on Tuesday, October 21st. National Bankshares initiated coverage on Orla Mining in a research note on Monday, January 12th. They issued an “outperform” rating for the company. Finally, Scotiabank restated an “outperform” rating on shares of Orla Mining in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.