Caisse de depot et placement du Quebec Purchases Shares of 268,654 Orla Mining Ltd. $ORLA

Caisse de depot et placement du Quebec purchased a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 268,654 shares of the company’s stock, valued at approximately $2,626,000. Caisse de depot et placement du Quebec owned about 0.08% of Orla Mining at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ORLA. CIBC Private Wealth Group LLC acquired a new position in shares of Orla Mining during the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Orla Mining during the fourth quarter worth about $29,000. Ancora Advisors LLC bought a new position in Orla Mining during the second quarter valued at about $31,000. Optiver Holding B.V. bought a new position in Orla Mining during the first quarter valued at about $40,000. Finally, SBI Securities Co. Ltd. raised its holdings in Orla Mining by 67.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after acquiring an additional 1,889 shares in the last quarter. Institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

NYSEAMERICAN ORLA opened at $9.44 on Friday. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 13.88 and a beta of 0.28. The company has a 50 day moving average of $9.47 and a 200-day moving average of $13.15. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. Orla Mining Ltd. has a 1-year low of $8.43 and a 1-year high of $21.98.

Analyst Ratings Changes

Several analysts have recently weighed in on ORLA shares. TD Cowen raised Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Zacks Research lowered Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Orla Mining currently has a consensus rating of “Buy” and an average 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.