TD Asset Management Inc Has $52.93 Million Stake in Orla Mining Ltd. $ORLA

TD Asset Management Inc boosted its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,930,398 shares of the company’s stock after buying an additional 389,687 shares during the quarter. TD Asset Management Inc’s holdings in Orla Mining were worth $52,931,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORLA. Millennium Management LLC increased its position 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 buying an additional 8,236,385 shares during the last quarter. Vanguard Group Inc. increased its position 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 buying an additional 4,948,805 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in Orla Mining by 25,866.2% during the third quarter. Jupiter Asset Management Ltd. now owns 2,791,369 shares of the company’s stock worth $30,112,000 after buying an additional 2,780,619 shares during the last quarter. Norges Bank acquired a new position in Orla Mining during the fourth quarter worth $34,756,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position 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 buying an additional 2,111,765 shares during the last quarter. 43.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on ORLA. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Zacks Research raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, Orla Mining has an average rating of “Buy” and an average price target of $27.00.

Orla Mining Trading Down 4.6%

Shares of NYSEAMERICAN:ORLA opened at $10.81 on Friday. The company has a market cap of $3.74 billion, a P/E ratio of 15.90 and a beta of 0.21. The stock’s 50-day moving average is $14.45 and its 200-day moving average is $15.12. Orla Mining Ltd. has a 52-week low of $9.16 and a 52-week high of $21.98. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is currently -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.