Hohimer Wealth Management LLC Takes Position in Orla Mining Ltd. $ORLA

Hohimer Wealth Management LLC acquired a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 99,900 shares of the company’s stock, valued at approximately $1,079,000.

Several other institutional investors have also recently added to or reduced their stakes in ORLA. TD Waterhouse Canada Inc. lifted its holdings in Orla Mining by 50.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after purchasing an additional 1,789 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Orla Mining during the third quarter valued at approximately $58,000. Osaic Holdings Inc. lifted its stake in shares of Orla Mining by 82.2% during the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock valued at $102,000 after buying an additional 4,584 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Orla Mining during the second quarter worth approximately $108,000. Finally, State of Wyoming purchased a new stake in Orla Mining in the 2nd quarter worth approximately $109,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Price Performance

ORLA stock opened at $21.62 on Friday. The company has a market cap of $7.45 billion, a PE ratio of 166.32 and a beta of 0.30. 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 stock has a 50-day moving average price of $16.19 and a two-hundred day moving average price of $13.13. Orla Mining Ltd. has a 12-month low of $6.75 and a 12-month high of $21.74.

Orla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, January 12th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, January 12th. Orla Mining’s dividend payout ratio is -599.40%.

Wall Street Analyst Weigh In

ORLA has been the topic of a number of recent analyst reports. Zacks Research raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. BMO Capital Markets reissued an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday. Finally, National Bank Financial began coverage on shares of Orla Mining in a report on Monday, January 12th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Orla Mining presently 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.