Orla Mining Ltd. $ORLA Shares Purchased by Groupe la Francaise

Groupe la Francaise raised its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 80.0% in the first quarter, Holdings Channel reports. The fund owned 1,260,000 shares of the company’s stock after buying an additional 560,000 shares during the period. Groupe la Francaise’s holdings in Orla Mining were worth $20,195,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sprott Inc. raised its holdings in shares of Orla Mining by 1.8% in the 4th quarter. Sprott Inc. now owns 45,822 shares of the company’s stock valued at $617,000 after purchasing an additional 799 shares in the last quarter. Parvin Asset Management LLC grew its stake in shares of Orla Mining by 1.2% during the fourth quarter. Parvin Asset Management LLC now owns 70,500 shares of the company’s stock worth $950,000 after purchasing an additional 825 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings 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. Mariner LLC raised its stake in Orla Mining by 15.3% in the fourth quarter. Mariner LLC now owns 14,929 shares of the company’s stock valued at $201,000 after buying an additional 1,976 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Orla Mining during the 4th quarter worth about $29,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Price Performance

ORLA stock opened at $9.44 on Friday. The company has a market capitalization of $3.27 billion, a P/E ratio of 13.88 and a beta of 0.28. Orla Mining Ltd. has a twelve month low of $8.43 and a twelve month high of $21.98. The business has a 50 day simple moving average of $10.29 and a 200-day simple moving average of $14.13. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.015 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.6%. Orla Mining’s dividend payout ratio is -599.40%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ORLA shares. Zacks Research cut Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, TD Securities upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company 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.