Triasima Portfolio Management inc. Makes New $2.30 Million Investment in Orla Mining Ltd. $ORLA

Triasima Portfolio Management inc. purchased a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 213,489 shares of the company’s stock, valued at approximately $2,303,000. Triasima Portfolio Management inc. owned 0.06% of Orla Mining as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. XML Financial LLC lifted its holdings in shares of Orla Mining by 7.2% during the second quarter. XML Financial LLC now owns 24,550 shares of the company’s stock worth $246,000 after buying an additional 1,650 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Orla Mining by 50.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after purchasing an additional 1,789 shares during the period. IFP Advisors Inc raised its holdings in shares of Orla Mining by 191.6% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock worth $40,000 after buying an additional 2,616 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Orla Mining by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,948 shares in the last quarter. Finally, Osaic Holdings Inc. boosted 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 buying an additional 4,584 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $16.28 on Tuesday. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 125.36 and a beta of 0.30. The stock has a fifty day moving average price of $13.47 and a 200-day moving average price of $11.75. Orla Mining Ltd. has a fifty-two week low of $5.72 and a fifty-two week high of $15.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07.

Orla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Monday, January 12th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, January 12th. Orla Mining’s payout ratio is currently -599.40%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORLA. National Bankshares initiated coverage on shares of Orla Mining in a research note on Monday, January 12th. They issued an “outperform” rating for the company. Natl Bk Canada raised Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. CIBC reissued an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. Scotiabank reissued an “outperform” rating on shares of Orla Mining in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Orla Mining in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Orla Mining presently has a consensus rating of “Buy” and an average target price of $27.00.

Orla Mining 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.