Edmond DE Rothschild Holding S.A. Purchases Shares of 447,039 Orla Mining Ltd. $ORLA

Edmond DE Rothschild Holding S.A. bought a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 447,039 shares of the company’s stock, valued at approximately $4,356,000.

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

Orla Mining Price Performance

ORLA stock opened at $9.44 on Thursday. The stock has a 50-day moving average price of $9.66 and a two-hundred day moving average price of $13.43. The company has a market cap of $3.27 billion, a PE ratio of 13.88 and a beta of 0.28. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. Orla Mining Ltd. has a 12-month low of $8.43 and a 12-month high of $21.98.

Analysts Set New Price Targets

Several analysts have recently commented on ORLA shares. TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, Zacks Research cut Orla Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and an average price target of $27.00.

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.