Fiera Capital Corp Has $7.27 Million Position in Orla Mining Ltd. $ORLA

Fiera Capital Corp lessened its position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 16.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 539,966 shares of the company’s stock after selling 103,693 shares during the quarter. Fiera Capital Corp owned approximately 0.16% of Orla Mining worth $7,265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORLA. CIBC Private Wealth Group LLC acquired a new stake in Orla Mining in the third quarter valued at approximately $27,000. SBI Securities Co. Ltd. increased its holdings 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 last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Orla Mining by 197.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after purchasing an additional 3,524 shares during the period. Osaic Holdings Inc. lifted its holdings in 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 purchasing an additional 4,584 shares during the last quarter. Finally, State of Wyoming bought a new position in Orla Mining in the 2nd quarter worth approximately $109,000. 43.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Zacks Research upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, February 23rd. Finally, TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. 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.com, the company currently has a consensus rating of “Buy” and a consensus target price of $27.00.

Orla Mining Stock Down 3.5%

Shares of NYSEAMERICAN ORLA opened at $10.47 on Wednesday. The firm has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $15.11. Orla Mining Ltd. has a 12 month low of $9.16 and a 12 month 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 firm has a market capitalization of $3.62 billion, a PE ratio of 15.40 and a beta of 0.21.

Orla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were 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 was Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is presently -599.40%.

Orla Mining Company 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.