CIBC Asset Management Inc Has $3.01 Million Holdings in Orla Mining Ltd. $ORLA

CIBC Asset Management Inc trimmed its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 8.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,109 shares of the company’s stock after selling 27,091 shares during the quarter. CIBC Asset Management Inc owned 0.08% of Orla Mining worth $3,007,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of Orla Mining by 191.6% during the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock worth $40,000 after acquiring an additional 2,616 shares during the period. Farther Finance Advisors LLC bought a new position in Orla Mining during the third quarter worth about $58,000. TD Waterhouse Canada Inc. boosted its holdings in Orla Mining by 50.0% during the second quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock valued at $53,000 after purchasing an additional 1,789 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Orla Mining by 82.2% during the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock valued at $102,000 after purchasing an additional 4,584 shares in the last quarter. Finally, 111 Capital bought a new stake in shares of Orla Mining in the 2nd quarter valued at approximately $102,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Orla Mining Trading Up 0.1%

Shares of NYSEAMERICAN ORLA opened at $18.81 on Wednesday. Orla Mining Ltd. has a 1-year low of $5.86 and a 1-year high of $19.87. The company has a 50-day moving average of $14.17 and a two-hundred day moving average of $12.05. The company has a market cap of $6.40 billion, a PE ratio of 144.70 and a beta of 0.30. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66.

Orla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Monday, January 12th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, January 12th. Orla Mining’s dividend payout ratio (DPR) is -599.40%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a research report on Monday. CIBC restated an “outperform” rating on shares of Orla Mining in a research note on Monday, October 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Orla Mining in a report on Tuesday, October 21st. Natl Bk Canada raised shares of Orla Mining to a “strong-buy” rating in a report on Monday, January 12th. Finally, National Bankshares assumed coverage on shares of Orla Mining in a research note on Monday, January 12th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $27.00.

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.