Franklin Resources Inc. Raises Stock Holdings in Orla Mining Ltd. $ORLA

Franklin Resources Inc. grew its stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,686,849 shares of the company’s stock after acquiring an additional 74,925 shares during the quarter. Franklin Resources Inc. owned about 2.26% of Orla Mining worth $103,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new stake in shares of Orla Mining in the third quarter valued at $776,000. Gabelli Funds LLC lifted its position in shares of Orla Mining by 9.7% in the third quarter. Gabelli Funds LLC now owns 1,125,800 shares of the company’s stock valued at $12,159,000 after acquiring an additional 100,000 shares in the last quarter. Quantbot Technologies LP acquired a new position in Orla Mining in the third quarter valued at $976,000. Forge First Asset Management Inc. acquired a new position in Orla Mining in the third quarter valued at $1,079,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Orla Mining by 41.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company’s stock valued at $78,194,000 after purchasing an additional 2,111,765 shares during the last quarter. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Orla Mining Stock Performance

Orla Mining stock opened at $9.78 on Thursday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 14.38 and a beta of 0.21. The stock has a fifty day moving average price of $14.22 and a 200 day moving average price of $15.10. Orla Mining Ltd. has a 52 week low of $9.16 and a 52 week 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.

Orla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.015 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.06 annualized dividend and a yield of 0.6%. Orla Mining’s dividend payout ratio is currently -599.40%.

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.