K.J. Harrison & Partners Inc Makes New Investment in Orla Mining Ltd. $ORLA

K.J. Harrison & Partners Inc purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 60,000 shares of the company’s stock, valued at approximately $963,000.

Several other hedge funds have also recently modified their holdings of the business. CIBC Private Wealth Group LLC bought a new position in shares of Orla Mining during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Orla Mining during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. raised its stake in Orla Mining by 67.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after buying an additional 1,889 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Orla Mining by 197.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after buying an additional 3,524 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Orla Mining by 82.2% during the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after buying an additional 4,584 shares during the period. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

NYSEAMERICAN ORLA opened at $10.18 on Friday. Orla Mining Ltd. has a 52 week low of $9.16 and a 52 week high of $21.98. The company has a 50 day moving average price of $11.98 and a 200 day moving average price of $14.75. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The firm has a market cap of $3.52 billion, a PE ratio of 14.97 and a beta of 0.28.

Orla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. Orla Mining’s dividend payout ratio is presently -599.40%.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Zacks Research cut Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.