Jupiter Asset Management Ltd. Has $30.11 Million Holdings in Orla Mining Ltd. $ORLA

Jupiter Asset Management Ltd. increased its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 25,866.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,791,369 shares of the company’s stock after buying an additional 2,780,619 shares during the quarter. Jupiter Asset Management Ltd. owned 0.83% of Orla Mining worth $30,112,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC raised its stake in Orla Mining by 45.8% during the first quarter. Millennium Management LLC now owns 594,177 shares of the company’s stock worth $5,555,000 after acquiring an additional 186,714 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Orla Mining by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,061,455 shares of the company’s stock worth $9,925,000 after purchasing an additional 131,577 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in shares of Orla Mining during the 2nd quarter worth about $1,000,000. PCJ Investment Counsel Ltd. increased its position in shares of Orla Mining by 81.6% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 266,250 shares of the company’s stock worth $2,676,000 after purchasing an additional 119,620 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Orla Mining by 33.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,139,774 shares of the company’s stock valued at $51,667,000 after purchasing an additional 1,296,774 shares during the last quarter. 43.04% of the stock is currently owned by institutional investors.

Orla Mining Stock Performance

NYSEAMERICAN ORLA opened at $17.65 on Friday. Orla Mining Ltd. has a 52-week low of $6.63 and a 52-week high of $20.05. The stock has a market cap of $6.08 billion, a PE ratio of 135.78 and a beta of 0.30. The firm has a 50-day moving average of $15.43 and a 200-day moving average of $12.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.07.

Orla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders 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 dividend yield of 0.3%. Orla Mining’s dividend payout ratio is presently -599.40%.

Analyst Upgrades and Downgrades

ORLA has been the topic of several research analyst reports. Zacks Research raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. National Bank Financial assumed coverage on Orla Mining in a report on Monday, January 12th. They issued an “outperform” rating on the stock. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Scotiabank reaffirmed an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, Orla Mining presently has an average rating of “Buy” and an average target price of $27.00.

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.