Orla Mining Ltd. (NYSEAMERICAN:ORLA) to Issue Quarterly Dividend of $0.02

Orla Mining Ltd. (NYSEAMERICAN:ORLA) declared a quarterly dividend on Monday, May 11th. Investors of record on Tuesday, May 26th will be paid a dividend of 0.015 per share on Tuesday, June 9th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, May 26th.

Orla Mining Stock Performance

ORLA stock traded down $0.23 during trading on Monday, hitting $14.81. 4,363,205 shares of the company traded hands, compared to its average volume of 2,460,072. The stock’s 50-day simple moving average is $16.38 and its 200 day simple moving average is $14.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 0.92. The company has a market cap of $5.12 billion, a PE ratio of 56.96 and a beta of 0.20. Orla Mining has a 1 year low of $8.50 and a 1 year high of $21.98.

Institutional Trading of Orla Mining

A number of institutional investors have recently made changes to their positions in ORLA. Millennium Management LLC boosted its stake in shares of Orla Mining by 45.8% in the first quarter. Millennium Management LLC now owns 594,177 shares of the company’s stock worth $5,555,000 after acquiring an additional 186,714 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Orla Mining by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,061,455 shares of the company’s stock worth $9,925,000 after acquiring an additional 131,577 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Orla Mining by 3.3% in the second quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock worth $1,255,000 after acquiring an additional 3,948 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Orla Mining by 83,706.4% in the second quarter. JPMorgan Chase & Co. now owns 313,436 shares of the company’s stock worth $3,141,000 after acquiring an additional 313,062 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Orla Mining by 21.5% in the second quarter. Russell Investments Group Ltd. now owns 30,058 shares of the company’s stock worth $301,000 after acquiring an additional 5,323 shares during the last quarter. 43.04% of the stock is owned by institutional investors and hedge funds.

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.