Fiera Capital Corp Decreases Position in Orla Mining Ltd. $ORLA

Fiera Capital Corp lowered its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,966 shares of the company’s stock after selling 103,693 shares during the period. Fiera Capital Corp’s holdings in Orla Mining were worth $7,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ORLA. Tudor Investment Corp ET AL bought a new position in Orla Mining during the 3rd quarter valued at about $776,000. Gabelli Funds LLC increased its position in shares of Orla Mining by 9.7% during the 3rd quarter. Gabelli Funds LLC now owns 1,125,800 shares of the company’s stock valued at $12,159,000 after purchasing an additional 100,000 shares during the last quarter. Quantbot Technologies LP bought a new position in Orla Mining in the 3rd quarter worth $976,000. Forge First Asset Management Inc. purchased a new position in Orla Mining during the third quarter valued at $1,079,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Orla Mining by 41.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company’s stock valued at $78,194,000 after purchasing an additional 2,111,765 shares during the period. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Trading Down 3.5%

Shares of ORLA opened at $10.47 on Wednesday. The firm has a market cap of $3.62 billion, a P/E ratio of 15.40 and a beta of 0.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.88. Orla Mining Ltd. has a 1 year low of $9.16 and a 1 year high of $21.98. The company has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $15.11.

Orla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.6%. Orla Mining’s dividend payout ratio is presently -599.40%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ORLA. Zacks Research raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $27.00.

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.