Groupama Asset Managment Has $3.48 Million Stake in Orla Mining Ltd. $ORLA

Groupama Asset Managment lowered its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 42.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,907 shares of the company’s stock after selling 237,709 shares during the quarter. Groupama Asset Managment’s holdings in Orla Mining were worth $3,477,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. CIBC Private Wealth Group LLC acquired a new position in shares of Orla Mining during the 3rd quarter valued at $27,000. Parvin Asset Management LLC grew its holdings in Orla Mining by 2.2% in the third quarter. Parvin Asset Management LLC now owns 69,675 shares of the company’s stock worth $752,000 after purchasing an additional 1,475 shares during the period. Wexford Capital LP bought a new stake in Orla Mining in the third quarter valued at $165,000. Verition Fund Management LLC bought a new stake in Orla Mining in the third quarter valued at $402,000. Finally, Quantessence Capital LLC acquired a new position in shares of Orla Mining during the third quarter valued at about $528,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Stock Down 7.0%

ORLA opened at $13.37 on Friday. Orla Mining Ltd. has a fifty-two week low of $7.08 and a fifty-two week high of $21.98. The firm has a market capitalization of $4.62 billion, a P/E ratio of 102.85 and a beta of 0.23. The company’s 50-day moving average is $17.17 and its 200 day moving average is $13.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 0.88.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. National Bank Financial initiated coverage on Orla Mining in a report on Monday, January 12th. They issued an “outperform” rating on the stock. Finally, Zacks Research raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $27.00.

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.