2,584,183 Shares in Orla Mining Ltd. $ORLA Purchased by Norges Bank

Norges Bank acquired a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,584,183 shares of the company’s stock, valued at approximately $34,756,000. Norges Bank owned approximately 0.76% of Orla Mining as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Millennium Management LLC increased its holdings in Orla Mining by 992.0% in the 3rd 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 in the last quarter. Vanguard Group Inc. increased its holdings in Orla Mining by 152.1% in the 4th 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 in the last quarter. Franklin Resources Inc. increased its holdings in Orla Mining by 18.3% in the 3rd quarter. Franklin Resources Inc. now owns 7,611,924 shares of the company’s stock worth $82,079,000 after buying an additional 1,178,690 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Orla Mining by 41.1% in the 3rd 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 in the last quarter. Finally, Amundi increased its holdings in Orla Mining by 35.5% in the 3rd quarter. Amundi now owns 4,721,047 shares of the company’s stock worth $54,481,000 after buying an additional 1,237,832 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORLA. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Zacks Research upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. Finally, TD Securities upgraded Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. 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, the stock presently has an average rating of “Buy” and an average price target of $27.00.

Orla Mining Trading Up 0.4%

Orla Mining stock opened at $10.85 on Tuesday. The business has a 50-day simple moving average of $14.40 and a two-hundred day simple moving average of $15.13. The company has a market cap of $3.75 billion, a P/E ratio of 15.96 and a beta of 0.21. Orla Mining Ltd. has a 52-week low of $9.16 and a 52-week high of $21.98. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Orla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be paid a dividend of $0.015 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. Orla Mining’s payout ratio is -599.40%.

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.