Leonteq Securities AG Makes New Investment in Orla Mining Ltd. $ORLA

Leonteq Securities AG purchased a new position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 90,259 shares of the company’s stock, valued at approximately $1,214,000.

Several other institutional investors also recently added to or reduced their stakes in ORLA. CIBC Private Wealth Group LLC bought a new position in Orla Mining in the 3rd quarter worth approximately $27,000. SBI Securities Co. Ltd. increased its position in Orla Mining by 67.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock worth $63,000 after buying an additional 1,889 shares during the period. TD Waterhouse Canada Inc. increased its position in Orla Mining by 197.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock worth $71,000 after buying an additional 3,524 shares during the period. Osaic Holdings Inc. increased its position in Orla Mining by 82.2% in the 2nd quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after buying an additional 4,584 shares during the period. Finally, State of Wyoming bought a new position in Orla Mining in the 2nd quarter worth approximately $109,000. 43.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Zacks Research raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. Scotiabank reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Monday, January 26th. ATB Cormark Capital Markets raised Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. Finally, TD Cowen raised Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, Orla Mining presently has a consensus rating of “Buy” and a consensus target price of $27.00.

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA opened at $12.28 on Friday. Orla Mining Ltd. has a 1-year low of $9.16 and a 1-year high of $21.98. The firm has a market capitalization of $4.25 billion, a PE ratio of 18.06 and a beta of 0.20. The business’s 50 day moving average is $15.18 and its 200-day moving average is $15.04. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders 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 0.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is presently -599.40%.

Orla Mining Company 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.