Legal & General Group Plc Acquires Shares of 830,822 Orla Mining Ltd. $ORLA

Legal & General Group Plc acquired a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLAFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 830,822 shares of the company’s stock, valued at approximately $8,122,000. Legal & General Group Plc owned approximately 0.24% of Orla Mining at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ORLA. CIBC Private Wealth Group LLC acquired a new stake in shares of Orla Mining in the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Orla Mining in the 4th quarter worth approximately $29,000. Optiver Holding B.V. purchased a new position in Orla Mining in the 1st quarter worth approximately $40,000. SBI Securities Co. Ltd. grew its position in Orla Mining by 67.9% in the fourth 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 in the last quarter. Finally, Osaic Holdings Inc. grew its position in Orla Mining by 82.2% in the second 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 in the last quarter. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

Shares of ORLA opened at $9.44 on Wednesday. The company has a market capitalization of $3.27 billion, a P/E ratio of 13.88 and a beta of 0.28. Orla Mining Ltd. has a one year low of $8.43 and a one year high of $21.98. 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 stock has a 50-day moving average price of $9.45 and a 200 day moving average price of $13.01.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORLA. TD Securities upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Zacks Research downgraded shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and a consensus target price of $27.00.

Get Our Latest Report on Orla Mining

About Orla Mining

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Orla Mining (NYSEAMERICAN:ORLA)

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