Y Intercept Hong Kong Ltd Takes $1.58 Million Position in Orla Mining Ltd. $ORLA

Y Intercept Hong Kong Ltd purchased a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 98,177 shares of the company’s stock, valued at approximately $1,584,000.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Orla Mining by 279.9% in the fourth quarter. Van ECK Associates Corp now owns 19,391,604 shares of the company’s stock valued at $261,201,000 after buying an additional 14,287,477 shares during the last quarter. Millennium Management LLC grew its position in shares of Orla Mining by 992.0% in the 3rd quarter. Millennium Management LLC now owns 9,066,678 shares of the company’s stock worth $97,814,000 after acquiring an additional 8,236,385 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Orla Mining by 152.1% in the 4th quarter. Vanguard Group Inc. now owns 8,202,861 shares of the company’s stock worth $110,320,000 after acquiring an additional 4,948,805 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Orla Mining by 1.0% in the 4th quarter. Franklin Resources Inc. now owns 7,686,849 shares of the company’s stock valued at $103,386,000 after acquiring an additional 74,925 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Orla Mining by 41.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company’s stock valued at $78,194,000 after acquiring an additional 2,111,765 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Orla Mining Stock Performance

ORLA opened at $9.75 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $11.63 and its 200-day moving average is $14.64. The stock has a market cap of $3.37 billion, a PE ratio of 14.34 and a beta of 0.28. Orla Mining Ltd. has a twelve month low of $9.15 and a twelve month high of $21.98.

Orla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given 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 was Tuesday, May 26th. Orla Mining’s payout ratio is -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.