OMERS ADMINISTRATION Corp Takes $11.92 Million Position in Orla Mining Ltd. $ORLA

OMERS ADMINISTRATION Corp acquired a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,218,965 shares of the company’s stock, valued at approximately $11,917,000.

Several other large investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new stake in Orla Mining in the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Orla Mining during the 4th quarter worth $29,000. Optiver Holding B.V. acquired a new position in Orla Mining during the 1st quarter worth $40,000. SBI Securities Co. Ltd. grew its stake in shares of Orla Mining by 67.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after purchasing an additional 1,889 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Orla Mining by 197.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after purchasing an additional 3,524 shares in the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research lowered Orla Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, TD Securities upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and an average price target of $27.00.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $9.44 on Monday. Orla Mining Ltd. has a 1 year low of $8.43 and a 1 year high of $21.98. The firm has a market cap of $3.27 billion, a P/E ratio of 13.88 and a beta of 0.28. The stock has a fifty day moving average price of $9.62 and a two-hundred day moving average price of $13.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06.

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.