UBS Group AG Has $10.85 Million Stock Position in Orla Mining Ltd. $ORLA

UBS Group AG lifted its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 343.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 805,388 shares of the company’s stock after buying an additional 623,630 shares during the quarter. UBS Group AG’s holdings in Orla Mining were worth $10,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new stake in shares of Orla Mining in the third quarter worth $27,000. TD Waterhouse Canada Inc. lifted its stake in shares of Orla Mining by 197.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after buying an additional 3,524 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Orla Mining by 82.2% in the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after buying an additional 4,584 shares during the last quarter. State of Wyoming acquired a new stake in shares of Orla Mining in the second quarter worth $109,000. Finally, Swiss Life Asset Management Ltd acquired a new stake in shares of Orla Mining in the third quarter worth $142,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORLA has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Zacks Research lowered shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $27.00.

Orla Mining Trading Down 9.7%

Shares of ORLA stock opened at $13.35 on Friday. Orla Mining Ltd. has a 1 year low of $8.68 and a 1 year high of $21.98. The firm’s fifty day simple moving average is $15.64 and its 200 day simple moving average is $14.95. The firm has a market capitalization of $4.62 billion, a P/E ratio of 19.63 and a beta of 0.20. The company has a current ratio of 1.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.39.

Orla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. 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.