Ewing Morris & Co. Investment Partners Ltd. Invests $498,000 in Orla Mining Ltd. $ORLA

Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the second quarter, Holdings Channel reports. The institutional investor bought 61,000 shares of the company’s stock, valued at approximately $498,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. XML Financial LLC bought a new stake in Orla Mining in the second quarter worth $191,000. Ancora Advisors LLC bought a new position in Orla Mining during the second quarter valued at $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Orla Mining during the second quarter valued at $1,500,000. Van ECK Associates Corp purchased a new position in shares of Orla Mining in the 2nd quarter worth $173,781,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Orla Mining in the 2nd quarter worth $921,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORLA. Zacks Research cut shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research note 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $27.00.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $9.44 on Thursday. The firm has a market capitalization of $3.27 billion, a PE ratio of 13.88 and a beta of 0.28. The stock’s fifty day moving average is $9.45 and its 200 day moving average is $12.96. Orla Mining Ltd. has a fifty-two week low of $8.43 and a fifty-two week high of $21.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06.

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.