Cypress Capital Management LLC WY grew its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA – Free Report) by 10,902.9% in the 2nd quarter, Holdings Channel reports. The firm owned 113,880 shares of the company’s stock after acquiring an additional 112,845 shares during the quarter. Orla Mining comprises approximately 1.0% of Cypress Capital Management LLC WY’s holdings, making the stock its 29th biggest position. Cypress Capital Management LLC WY’s holdings in Orla Mining were worth $1,115,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Amundi bought a new stake in shares of Orla Mining in the 2nd quarter worth approximately $36,005,000. First Eagle Investment Management LLC bought a new position in Orla Mining during the 2nd quarter worth $46,581,000. HB Wealth Management LLC bought a new position in Orla Mining during the 2nd quarter worth $181,000. Angeles Wealth Management LLC acquired a new stake in Orla Mining in the second quarter worth $111,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in Orla Mining in the second quarter worth $71,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, Zacks Research downgraded shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $27.00.
Orla Mining Stock Performance
Shares of ORLA stock opened at $9.44 on Wednesday. Orla Mining Ltd. has a 12-month low of $8.43 and a 12-month high of $21.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.88. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 13.88 and a beta of 0.28. The business has a 50 day simple moving average of $9.43 and a 200 day simple moving average of $12.74.
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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