First Eagle Investment Management LLC Sells 133,070 Shares of Orla Mining Ltd. $ORLA

First Eagle Investment Management LLC reduced its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,719,636 shares of the company’s stock after selling 133,070 shares during the period. First Eagle Investment Management LLC owned about 1.99% of Orla Mining worth $72,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its position in Orla Mining by 50.0% in the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after buying an additional 1,789 shares in the last quarter. XML Financial LLC lifted its stake in shares of Orla Mining by 13.2% in the 3rd quarter. XML Financial LLC now owns 27,800 shares of the company’s stock valued at $300,000 after acquiring an additional 3,250 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Orla Mining by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock valued at $1,255,000 after acquiring an additional 3,948 shares in the last quarter. Osaic Holdings Inc. grew its position in Orla Mining by 82.2% during the 2nd quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after acquiring an additional 4,584 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Orla Mining by 21.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,058 shares of the company’s stock worth $301,000 after acquiring an additional 5,323 shares during the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

Orla Mining stock opened at $21.70 on Tuesday. The firm has a fifty day simple moving average of $16.34 and a two-hundred day simple moving average of $13.26. The company has a quick ratio of 0.88, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. Orla Mining Ltd. has a twelve month low of $6.85 and a twelve month high of $21.98. The company has a market capitalization of $7.47 billion, a PE ratio of 166.94 and a beta of 0.23.

Orla Mining Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, January 12th. Orla Mining’s dividend payout ratio (DPR) is presently -599.40%.

Analyst Ratings Changes

ORLA has been the subject of several research reports. National Bank Financial assumed coverage on Orla Mining in a research report on Monday, January 12th. They issued an “outperform” rating for the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Zacks Research raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Scotiabank restated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.