45,798 Shares in Orla Mining Ltd. $ORLA Purchased by Themes Management Co LLC

Themes Management Co LLC purchased a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,798 shares of the company’s stock, valued at approximately $616,000.

Several other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Orla Mining by 992.0% during the third quarter. Millennium Management LLC now owns 9,066,678 shares of the company’s stock worth $97,814,000 after purchasing an additional 8,236,385 shares in the last quarter. Vanguard Group Inc. raised its holdings in Orla Mining by 152.1% during the fourth quarter. Vanguard Group Inc. now owns 8,202,861 shares of the company’s stock worth $110,320,000 after purchasing an additional 4,948,805 shares in the last quarter. Franklin Resources Inc. raised its holdings in Orla Mining by 18.3% during the third quarter. Franklin Resources Inc. now owns 7,611,924 shares of the company’s stock worth $82,079,000 after purchasing an additional 1,178,690 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised 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 worth $78,194,000 after purchasing an additional 2,111,765 shares in the last quarter. Finally, Amundi raised its holdings in Orla Mining by 35.5% during the third quarter. Amundi now owns 4,721,047 shares of the company’s stock worth $54,481,000 after purchasing an additional 1,237,832 shares in the last quarter. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at $12.00 on Tuesday. Orla Mining Ltd. has a 12-month low of $9.16 and a 12-month high of $21.98. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a market cap of $4.15 billion, a PE ratio of 17.65 and a beta of 0.20. The company has a 50-day moving average of $14.97 and a two-hundred day moving average of $15.07.

Orla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.5%. Orla Mining’s dividend payout ratio (DPR) is -599.40%.

Analyst Ratings Changes

Several research analysts recently issued reports on ORLA shares. BMO Capital Markets reissued an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Orla Mining in a report on Wednesday, February 4th. Scotiabank reissued an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the company 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.