Groupama Asset Managment Sells 237,709 Shares of Orla Mining Ltd. $ORLA

Groupama Asset Managment reduced its holdings in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 42.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 321,907 shares of the company’s stock after selling 237,709 shares during the quarter. Groupama Asset Managment owned approximately 0.09% of Orla Mining worth $3,477,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Millennium Management LLC lifted its holdings in shares of Orla Mining by 992.0% during the third quarter. Millennium Management LLC now owns 9,066,678 shares of the company’s stock worth $97,814,000 after purchasing an additional 8,236,385 shares during the period. Franklin Resources Inc. increased its holdings in Orla Mining by 18.3% in the third quarter. Franklin Resources Inc. now owns 7,611,924 shares of the company’s stock valued at $82,079,000 after purchasing an additional 1,178,690 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Orla Mining by 41.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company’s stock worth $78,194,000 after purchasing an additional 2,111,765 shares during the last quarter. Amundi lifted its holdings in Orla Mining by 35.5% during the 3rd quarter. Amundi now owns 4,721,047 shares of the company’s stock worth $54,481,000 after buying an additional 1,237,832 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Orla Mining by 30.3% during the 3rd quarter. TD Asset Management Inc now owns 3,540,711 shares of the company’s stock worth $38,196,000 after buying an additional 823,331 shares during the period. Institutional investors own 43.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ORLA shares. National Bank Financial initiated coverage on Orla Mining in a research report on Monday, January 12th. They issued an “outperform” rating on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a 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 research report on Monday, February 23rd. Zacks Research upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Scotiabank restated an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $27.00.

Orla Mining Stock Down 7.0%

Shares of NYSEAMERICAN:ORLA opened at $13.37 on Friday. Orla Mining Ltd. has a 1 year low of $7.08 and a 1 year high of $21.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 0.88. The business’s 50-day moving average is $17.17 and its 200-day moving average is $13.84. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 102.85 and a beta of 0.23.

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.