Themes Management Co LLC Acquires Shares of 45,798 Orla Mining Ltd. $ORLA

Themes Management Co LLC acquired a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,798 shares of the company’s stock, valued at approximately $616,000.

Several other large investors also recently bought and sold shares of ORLA. CIBC Private Wealth Group LLC acquired a new position in Orla Mining in the third quarter valued at $27,000. SBI Securities Co. Ltd. boosted its stake in Orla Mining by 67.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after acquiring an additional 1,889 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Orla Mining by 197.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock valued at $71,000 after acquiring an additional 3,524 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Orla Mining by 82.2% in the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock valued at $102,000 after acquiring an additional 4,584 shares in the last quarter. Finally, State of Wyoming acquired a new position in Orla Mining in the second quarter valued at $109,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 23rd. TD Securities upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $27.00.

Orla Mining Price Performance

Shares of ORLA opened at $12.00 on Tuesday. Orla Mining Ltd. has a fifty-two week low of $9.16 and a fifty-two week high of $21.98. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 17.65 and a beta of 0.20. The firm has a 50-day simple moving average of $14.97 and a 200-day simple moving average of $15.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.06.

Orla Mining Dividend Announcement

The firm 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 dividend of $0.015 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.5%. Orla Mining’s dividend 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.