TD Asset Management Inc Buys 389,687 Shares of Orla Mining Ltd. $ORLA

TD Asset Management Inc raised its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,930,398 shares of the company’s stock after acquiring an additional 389,687 shares during the quarter. TD Asset Management Inc owned approximately 1.16% of Orla Mining worth $52,931,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tudor Investment Corp ET AL acquired a new stake in shares of Orla Mining during the 3rd quarter valued at $776,000. Gabelli Funds LLC lifted its position in shares of Orla Mining by 9.7% during the 3rd quarter. Gabelli Funds LLC now owns 1,125,800 shares of the company’s stock valued at $12,159,000 after acquiring an additional 100,000 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Orla Mining during the 3rd quarter valued at $976,000. Forge First Asset Management Inc. acquired a new stake in shares of Orla Mining during the 3rd quarter valued at $1,079,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 valued at $78,194,000 after acquiring an additional 2,111,765 shares during the last quarter. 43.04% of the stock is owned by institutional investors.

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA opened at $10.81 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. Orla Mining Ltd. has a 1 year low of $9.16 and a 1 year high of $21.98. The business has a fifty day simple moving average of $14.45 and a 200 day simple moving average of $15.12. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 15.90 and a beta of 0.21.

Orla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is currently -599.40%.

Analyst Upgrades and Downgrades

ORLA has been the subject of a number of recent research reports. TD Securities upgraded Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. Zacks Research upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, Orla Mining has an average rating of “Buy” and a consensus price target of $27.00.

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.