Van ECK Associates Corp grew its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) by 279.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,391,604 shares of the company’s stock after acquiring an additional 14,287,477 shares during the period. Van ECK Associates Corp owned about 0.06% of Orla Mining worth $261,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC bought a new stake in shares of Orla Mining during the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Orla Mining during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. grew its position in shares of Orla Mining by 67.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after acquiring an additional 1,889 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Orla Mining by 197.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock valued at $71,000 after acquiring an additional 3,524 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Orla Mining by 82.2% during the 2nd quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock valued at $102,000 after acquiring an additional 4,584 shares during the period. Institutional investors own 43.04% of the company’s stock.
Orla Mining Stock Up 2.8%
Shares of ORLA stock opened at $10.65 on Friday. The stock has a market cap of $3.68 billion, a P/E ratio of 15.66 and a beta of 0.21. Orla Mining Ltd. has a 52 week low of $9.16 and a 52 week high of $21.98. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $13.98 and its two-hundred day simple moving average is $15.06.
Orla Mining Dividend Announcement
Analyst Ratings Changes
ORLA has been the topic of a number of analyst reports. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 23rd. TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, TD Securities upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $27.00.
Read Our Latest Stock Analysis on Orla Mining
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.
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