Hohimer Wealth Management LLC Takes $1.08 Million Position in Orla Mining Ltd. $ORLA

Hohimer Wealth Management LLC bought a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 99,900 shares of the company’s stock, valued at approximately $1,079,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Orla Mining by 1,628.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,254,056 shares of the company’s stock valued at $35,095,000 after purchasing an additional 3,065,761 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Orla Mining by 25,866.2% in the third quarter. Jupiter Asset Management Ltd. now owns 2,791,369 shares of the company’s stock valued at $30,112,000 after buying an additional 2,780,619 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Orla Mining by 33.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company’s stock valued at $51,667,000 after buying an additional 1,296,774 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in shares of Orla Mining during the 3rd quarter valued at about $12,642,000. Finally, Covea Finance acquired a new position in Orla Mining during the 3rd quarter worth approximately $10,158,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORLA has been the subject of several recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a report on Monday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. National Bank Financial assumed coverage on shares of Orla Mining in a research note on Monday, January 12th. They set an “outperform” rating on the stock. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $27.00.

Orla Mining Stock Performance

ORLA stock opened at $21.62 on Friday. The firm has a market cap of $7.45 billion, a P/E ratio of 166.32 and a beta of 0.30. Orla Mining Ltd. has a 12-month low of $6.75 and a 12-month high of $21.74. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $16.19 and its 200 day simple moving average is $13.13.

Orla Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Monday, January 12th were given a $0.015 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $0.06 annualized dividend and a yield of 0.3%. Orla Mining’s dividend payout ratio (DPR) is currently -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.