Orla Mining Ltd. $ORLA Stock Holdings Lifted by UBS Group AG

UBS Group AG lifted its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 343.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 805,388 shares of the company’s stock after acquiring an additional 623,630 shares during the period. UBS Group AG owned about 0.24% of Orla Mining worth $10,849,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Orla Mining by 152.1% in the fourth quarter. Vanguard Group Inc. now owns 8,202,861 shares of the company’s stock worth $110,320,000 after acquiring an additional 4,948,805 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Orla Mining in the fourth quarter worth approximately $1,197,000. Montrusco Bolton Investments Inc. purchased a new position in shares of Orla Mining in the fourth quarter worth approximately $14,430,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Orla Mining by 197.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after purchasing an additional 3,524 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Orla Mining by 38.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,333 shares of the company’s stock worth $1,257,000 after purchasing an additional 26,035 shares during the period. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Price Performance

NYSEAMERICAN ORLA opened at $13.35 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $4.62 billion, a PE ratio of 19.63 and a beta of 0.20. The company has a 50 day moving average price of $15.64 and a two-hundred day moving average price of $14.95. Orla Mining Ltd. has a 12-month low of $8.68 and a 12-month high of $21.98.

Orla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, May 26th. Orla Mining’s payout ratio is presently -599.40%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research cut shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Scotiabank restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Orla Mining in a report on Wednesday, February 4th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.