Jupiter Asset Management Ltd. Buys 2,780,619 Shares of Orla Mining Ltd. $ORLA

Jupiter Asset Management Ltd. increased its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 25,866.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,791,369 shares of the company’s stock after purchasing an additional 2,780,619 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Orla Mining were worth $30,112,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Orla Mining by 33.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company’s stock valued at $51,667,000 after purchasing an additional 1,296,774 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Orla Mining by 1,628.2% during the third quarter. Vanguard Group Inc. now owns 3,254,056 shares of the company’s stock worth $35,095,000 after buying an additional 3,065,761 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Orla Mining by 22.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 3,126,430 shares of the company’s stock valued at $33,765,000 after acquiring an additional 582,789 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Orla Mining by 3.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,282,472 shares of the company’s stock valued at $12,867,000 after acquiring an additional 39,017 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Orla Mining by 99.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,208,500 shares of the company’s stock worth $13,031,000 after acquiring an additional 601,500 shares during the last quarter. Institutional investors and hedge funds own 43.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. National Bank Financial initiated coverage on Orla Mining in a research note on Monday, January 12th. They issued an “outperform” rating for the company. Zacks Research upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. Finally, Scotiabank restated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and a consensus price target of $27.00.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $17.65 on Friday. The company has a market capitalization of $6.08 billion, a PE ratio of 135.78 and a beta of 0.30. Orla Mining Ltd. has a fifty-two week low of $6.63 and a fifty-two week high of $20.05. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07. The company has a 50 day simple moving average of $15.43 and a two-hundred day simple moving average of $12.72.

Orla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, January 12th were issued a $0.015 dividend. The ex-dividend date was Monday, January 12th. This represents a $0.06 annualized dividend and a yield of 0.3%. Orla Mining’s payout ratio is presently -599.40%.

About Orla Mining

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.