Euro Pacific Asset Management LLC Acquires 533,125 Shares of Orla Mining Ltd. $ORLA

Euro Pacific Asset Management LLC boosted its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 159.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 867,495 shares of the company’s stock after buying an additional 533,125 shares during the quarter. Orla Mining makes up approximately 0.0% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Euro Pacific Asset Management LLC owned about 0.26% of Orla Mining worth $11,420,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ORLA. CIBC Private Wealth Group LLC purchased a new position in shares of Orla Mining in the 3rd quarter valued at $27,000. Farther Finance Advisors LLC purchased a new stake in shares of Orla Mining during the 3rd quarter worth $58,000. Osaic Holdings Inc. lifted its stake in shares of Orla Mining by 82.2% during the 2nd 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 last quarter. State of Wyoming bought a new stake in Orla Mining during the second quarter valued at about $109,000. Finally, Swiss Life Asset Management Ltd purchased a new position in Orla Mining in the third quarter valued at about $142,000. Institutional investors own 43.04% of the company’s stock.

Orla Mining Trading Down 0.1%

Orla Mining stock opened at $14.58 on Tuesday. The stock has a 50-day moving average of $17.12 and a two-hundred day moving average of $14.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.08. Orla Mining Ltd. has a one year low of $7.08 and a one year high of $21.98. The stock has a market cap of $5.04 billion, a PE ratio of 56.08 and a beta of 0.23.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ORLA shares. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Wednesday, February 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. Finally, National Bank Financial began coverage on shares of Orla Mining in a research note on Monday, January 12th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Orla Mining has an average rating of “Buy” and a consensus price target of $27.00.

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.