55,840 Shares in Orla Mining Ltd. $ORLA Bought by Tacita Capital Inc

Tacita Capital Inc acquired a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 55,840 shares of the company’s stock, valued at approximately $545,000.

A number of other institutional investors also recently added to or reduced their stakes in ORLA. CIBC Private Wealth Group LLC purchased a new stake in shares of Orla Mining during the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Orla Mining in the 4th quarter worth approximately $29,000. Optiver Holding B.V. purchased a new position in shares of Orla Mining in the 1st quarter worth approximately $40,000. SBI Securities Co. Ltd. grew its position 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. Finally, TD Waterhouse Canada Inc. raised 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 acquiring an additional 3,524 shares in the last quarter. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

ORLA opened at $9.44 on Thursday. The company has a market cap of $3.27 billion, a P/E ratio of 13.88 and a beta of 0.28. 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 firm’s 50-day moving average price is $9.66 and its 200-day moving average price is $13.43. Orla Mining Ltd. has a 52-week low of $8.43 and a 52-week high of $21.98.

Analyst Ratings Changes

A number of research firms recently commented on ORLA. Zacks Research cut shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a report 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 company’s stock. According to MarketBeat, Orla Mining currently has a consensus rating of “Buy” and a consensus price target of $27.00.

Orla Mining Company 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.