Goehring & Rozencwajg Associates LLC decreased its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) by 34.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 777,949 shares of the company’s stock after selling 404,755 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Orla Mining were worth $10,464,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Sprott Inc. raised its stake in Orla Mining by 1.8% during the fourth quarter. Sprott Inc. now owns 45,822 shares of the company’s stock worth $617,000 after purchasing an additional 799 shares during the period. Parvin Asset Management LLC raised its stake in Orla Mining by 2.2% during the third quarter. Parvin Asset Management LLC now owns 69,675 shares of the company’s stock worth $752,000 after purchasing an additional 1,475 shares during the period. Neuberger Berman Group LLC raised its stake in Orla Mining by 13.9% during the third quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock worth $144,000 after purchasing an additional 1,637 shares during the period. SBI Securities Co. Ltd. raised its stake in Orla Mining by 67.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after purchasing an additional 1,889 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Orla Mining during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 43.04% of the company’s stock.
Orla Mining Stock Performance
Shares of ORLA stock opened at $10.65 on Friday. The company’s fifty day simple moving average is $13.98 and its 200-day simple moving average is $15.06. Orla Mining Ltd. has a 52 week low of $9.16 and a 52 week high of $21.98. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company has a market cap of $3.68 billion, a PE ratio of 15.66 and a beta of 0.21.
Orla Mining Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on ORLA shares. Zacks Research raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 23rd. TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $27.00.
Check Out Our Latest Stock Analysis on ORLA
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.
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