BLI Banque de Luxembourg Investments Purchases 780,000 Shares of Orla Mining Ltd. $ORLA

BLI Banque de Luxembourg Investments grew its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 57.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,130,000 shares of the company’s stock after purchasing an additional 780,000 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Orla Mining were worth $28,608,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new stake in Orla Mining during the third quarter worth about $776,000. Gabelli Funds LLC lifted its stake in Orla Mining by 9.7% during the third quarter. Gabelli Funds LLC now owns 1,125,800 shares of the company’s stock worth $12,159,000 after purchasing an additional 100,000 shares during the last quarter. Quantbot Technologies LP bought a new stake in Orla Mining during the third quarter worth about $976,000. Forge First Asset Management Inc. bought a new stake in Orla Mining during the third quarter worth about $1,079,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Orla Mining by 41.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company’s stock worth $78,194,000 after purchasing an additional 2,111,765 shares during the last quarter. Institutional investors own 43.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ORLA shares. TD Cowen raised Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Zacks Research raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, ATB Cormark Capital Markets raised Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $27.00.

Orla Mining Trading Up 0.4%

NYSEAMERICAN ORLA opened at $10.85 on Tuesday. Orla Mining Ltd. has a 1-year low of $9.16 and a 1-year high of $21.98. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $14.40 and a 200-day moving average of $15.13. The firm has a market cap of $3.75 billion, a PE ratio of 15.96 and a beta of 0.21.

Orla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, May 26th. Orla Mining’s payout ratio is -599.40%.

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.