Y Intercept Hong Kong Ltd Purchases New Position in Orla Mining Ltd. $ORLA

Y Intercept Hong Kong Ltd acquired a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 74,737 shares of the company’s stock, valued at approximately $807,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. boosted 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 period. IFP Advisors Inc grew its position in shares of Orla Mining by 191.6% during the second 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 last quarter. XML Financial LLC grew its position in shares of Orla Mining by 13.2% during the third quarter. XML Financial LLC now owns 27,800 shares of the company’s stock worth $300,000 after acquiring an additional 3,250 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Orla Mining by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock valued at $1,255,000 after acquiring an additional 3,948 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Orla Mining by 82.2% in the 2nd quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock valued at $102,000 after acquiring an additional 4,584 shares during the period. 43.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ORLA shares. Natl Bk Canada raised shares of Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th. BMO Capital Markets reissued an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. CIBC restated an “outperform” rating on shares of Orla Mining in a research report on Monday, October 20th. National Bankshares started coverage on Orla Mining in a research report on Monday, January 12th. They set an “outperform” rating for the company. Finally, Scotiabank reissued an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $27.00.

Orla Mining Stock Performance

Shares of NYSEAMERICAN ORLA opened at $14.87 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $14.53 and its two-hundred day moving average price is $12.19. Orla Mining Ltd. has a 52-week low of $6.02 and a 52-week high of $20.05. The stock has a market capitalization of $5.06 billion, a P/E ratio of 114.39 and a beta of 0.30.

Orla Mining Dividend Announcement

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