Orla Mining Ltd. (NYSEAMERICAN:ORLA) Short Interest Up 66.6% in December

Orla Mining Ltd. (NYSEAMERICAN:ORLA) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 8,491,393 shares, a growth of 66.6% from the December 15th total of 5,097,068 shares. Based on an average daily trading volume, of 4,186,745 shares, the short-interest ratio is presently 2.0 days. Currently, 2.6% of the company’s stock are sold short. Currently, 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 4,186,745 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On Orla Mining

A number of hedge funds have recently bought and sold shares of ORLA. Parvin Asset Management LLC grew its position in shares of Orla Mining by 2.2% during the third quarter. Parvin Asset Management LLC now owns 69,675 shares of the company’s stock worth $752,000 after buying an additional 1,475 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Orla Mining by 13.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 13,374 shares of the company’s stock worth $144,000 after acquiring an additional 1,637 shares in the last quarter. XML Financial LLC increased its position in shares of Orla Mining by 7.2% in the 2nd quarter. XML Financial LLC now owns 24,550 shares of the company’s stock valued at $246,000 after purchasing an additional 1,650 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Orla Mining by 50.0% in the 2nd 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 during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Orla Mining in the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ORLA shares. Natl Bk Canada raised shares of Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. National Bankshares initiated coverage on Orla Mining in a research report on Monday. They issued an “outperform” rating for the company. Scotiabank restated an “outperform” rating on shares of Orla Mining in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Orla Mining in a research note on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $27.00.

Orla Mining Trading Up 0.5%

Orla Mining stock traded up $0.08 during midday trading on Friday, reaching $14.73. 1,977,146 shares of the stock traded hands, compared to its average volume of 2,563,576. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.01 billion, a PE ratio of 113.32 and a beta of 0.30. The company has a 50-day simple moving average of $13.39 and a two-hundred day simple moving average of $11.70. Orla Mining has a 12-month low of $5.52 and a 12-month high of $15.54.

Orla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Monday, January 12th will be issued a $0.015 dividend. The ex-dividend date is Monday, January 12th. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. Orla Mining’s dividend payout ratio (DPR) is -599.40%.

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.