Quattro Financial Advisors LLC Has $2.31 Million Stock Position in Orla Mining Ltd. $ORLA

Quattro Financial Advisors LLC boosted its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 40.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 214,015 shares of the company’s stock after buying an additional 61,900 shares during the period. Quattro Financial Advisors LLC owned approximately 0.07% of Orla Mining worth $2,311,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORLA. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Orla Mining by 33.7% during 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 during the last quarter. Amundi grew its holdings in Orla Mining by 49.9% in the 1st quarter. Amundi now owns 3,711,381 shares of the company’s stock valued at $35,147,000 after buying an additional 1,235,692 shares in the last quarter. Covea Finance bought a new stake in shares of Orla Mining in the third quarter valued at about $10,158,000. Fiera Capital Corp acquired a new stake in Orla Mining during the second quarter worth approximately $6,594,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $13,031,000 after purchasing an additional 601,500 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $13.18 on Friday. The stock has a 50 day simple moving average of $12.50 and a 200-day simple moving average of $11.41. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.48 billion, a PE ratio of 101.39 and a beta of 0.30. Orla Mining Ltd. has a 12-month low of $5.46 and a 12-month high of $14.98.

Orla Mining Announces Dividend

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 issued a dividend of $0.015 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $0.06 annualized dividend and a yield of 0.5%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORLA. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Orla Mining in a report on Tuesday, October 21st. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. Finally, Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.