The Manufacturers Life Insurance Company Invests $3.21 Million in Orla Mining Ltd. $ORLA

The Manufacturers Life Insurance Company purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 328,513 shares of the company’s stock, valued at approximately $3,206,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new stake in Orla Mining during the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in Orla Mining in the 4th quarter worth about $29,000. Optiver Holding B.V. purchased a new position in Orla Mining during the 1st quarter valued at about $40,000. SBI Securities Co. Ltd. grew its holdings in Orla Mining by 67.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after buying an additional 1,889 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Orla Mining by 82.2% during the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock valued at $102,000 after buying an additional 4,584 shares during the period. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Price Performance

NYSEAMERICAN:ORLA opened at $9.44 on Wednesday. Orla Mining Ltd. has a 52-week low of $8.43 and a 52-week high of $21.98. The stock has a fifty day moving average of $9.45 and a 200 day moving average of $13.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 13.88 and a beta of 0.28.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORLA. TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, Zacks Research lowered shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price 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.