Edmond DE Rothschild Holding S.A. Buys New Position in Orla Mining Ltd. $ORLA

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 447,039 shares of the company’s stock, valued at approximately $4,356,000. Edmond DE Rothschild Holding S.A. owned approximately 0.13% of Orla Mining as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC bought a new position in Orla Mining during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Orla Mining in the fourth quarter worth $29,000. Optiver Holding B.V. bought a new stake in Orla Mining in the first quarter worth $40,000. SBI Securities Co. Ltd. boosted its stake in Orla Mining by 67.9% during 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 during the period. Finally, TD Waterhouse Canada Inc. increased its position in Orla Mining by 197.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock valued at $71,000 after acquiring an additional 3,524 shares during the last quarter. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

NYSEAMERICAN ORLA opened at $9.44 on Thursday. The company has a market cap of $3.27 billion, a PE ratio of 13.88 and a beta of 0.28. Orla Mining Ltd. has a 1-year low of $8.43 and a 1-year high of $21.98. The stock’s 50 day simple moving average is $9.66 and its 200-day simple moving average is $13.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.88.

Analysts Set New Price Targets

A number of research firms have weighed in on ORLA. TD Securities upgraded Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, Zacks Research downgraded Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Orla Mining has an average rating of “Buy” and a consensus price target 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.