Montrusco Bolton Investments Inc. Has $5.76 Million Stake in Orla Mining Ltd. $ORLA

Montrusco Bolton Investments Inc. trimmed its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 66.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,590 shares of the company’s stock after selling 711,947 shares during the period. Montrusco Bolton Investments Inc. owned 0.10% of Orla Mining worth $5,764,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC acquired a new stake in Orla Mining during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Orla Mining in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. boosted its position in shares of 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 purchasing an additional 1,889 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of 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 purchasing an additional 3,524 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Orla Mining by 82.2% during the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after purchasing an additional 4,584 shares during the period. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ORLA shares. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. TD Securities upgraded Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, Zacks Research lowered Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $27.00.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $10.18 on Friday. The company’s fifty day moving average is $11.98 and its 200-day moving average is $14.75. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 14.97 and a beta of 0.28. Orla Mining Ltd. has a twelve month low of $9.16 and a twelve month high of $21.98. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Orla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, May 26th. Orla Mining’s dividend payout ratio is presently -599.40%.

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.