Healthcare of Ontario Pension Plan Trust Fund Invests $1.16 Million in Orla Mining Ltd. $ORLA

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 71,848 shares of the company’s stock, valued at approximately $1,155,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new position in Orla Mining in the 3rd quarter worth about $776,000. Allspring Global Investments Holdings LLC grew its holdings in Orla Mining by 29.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,562,500 shares of the company’s stock valued at $21,015,000 after buying an additional 354,000 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Orla Mining during the fourth quarter valued at about $1,197,000. Vanguard Group Inc. increased its position in shares of Orla Mining by 152.1% during the fourth quarter. Vanguard Group Inc. now owns 8,202,861 shares of the company’s stock valued at $110,320,000 after buying an additional 4,948,805 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of Orla Mining by 67.2% in the fourth quarter. Gabelli Funds LLC now owns 1,882,700 shares of the company’s stock worth $25,360,000 after buying an additional 756,900 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ORLA has been the topic of a number of analyst reports. Zacks Research lowered shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. TD Cowen raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, TD Securities upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $27.00.

Orla Mining Stock Performance

NYSEAMERICAN:ORLA opened at $9.44 on Friday. The stock has a market cap of $3.27 billion, a P/E ratio of 13.88 and a beta of 0.28. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $14.10. Orla Mining Ltd. has a twelve month low of $8.43 and a twelve month high of $21.98.

Orla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, May 26th. 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.