Leonteq Securities AG purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 90,259 shares of the company’s stock, valued at approximately $1,214,000.
Other institutional investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC acquired a new stake in Orla Mining in the 3rd quarter valued at $27,000. SBI Securities Co. Ltd. boosted its stake in Orla Mining by 67.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after buying an additional 1,889 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Orla Mining by 197.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock valued at $71,000 after buying an additional 3,524 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Orla Mining by 82.2% in the 2nd 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 in the last quarter. Finally, State of Wyoming acquired a new stake in Orla Mining in the 2nd quarter valued at $109,000. Institutional investors and hedge funds own 43.04% of the company’s stock.
Orla Mining Price Performance
Orla Mining stock opened at $12.28 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06. The firm has a market cap of $4.25 billion, a P/E ratio of 18.06 and a beta of 0.20. The business’s fifty day moving average is $15.18 and its two-hundred day moving average is $15.04. Orla Mining Ltd. has a 52 week low of $9.16 and a 52 week high of $21.98.
Orla Mining Dividend Announcement
Wall Street Analyst Weigh In
Several analysts recently commented on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. TD Cowen raised Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday. TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Research raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $27.00.
Check Out Our Latest Report 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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