Orla Mining Ltd. $ORLA Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC decreased its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 79.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,584 shares of the company’s stock after selling 616,365 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Orla Mining were worth $2,597,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ORLA. Sprott Inc. raised its holdings in Orla Mining by 1.8% during the fourth quarter. Sprott Inc. now owns 45,822 shares of the company’s stock worth $617,000 after purchasing an additional 799 shares in the last quarter. Parvin Asset Management LLC boosted its holdings in shares of Orla Mining by 1.2% in the 4th quarter. Parvin Asset Management LLC now owns 70,500 shares of the company’s stock valued at $950,000 after buying an additional 825 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Orla Mining by 67.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,672 shares of the company’s stock valued at $63,000 after buying an additional 1,889 shares during the last quarter. Mariner LLC lifted its position in Orla Mining by 15.3% in the fourth quarter. Mariner LLC now owns 14,929 shares of the company’s stock valued at $201,000 after acquiring an additional 1,976 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Orla Mining in the fourth quarter valued at $29,000. 43.04% of the stock is currently owned by hedge funds and other institutional investors.

Orla Mining Stock Performance

Shares of Orla Mining stock opened at $9.34 on Thursday. The firm’s fifty day simple moving average is $11.31 and its 200-day simple moving average is $14.50. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 13.74 and a beta of 0.28. Orla Mining Ltd. has a 12 month low of $9.15 and a 12 month high of $21.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.88.

Orla Mining Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is presently -599.40%.

Wall Street Analyst Weigh In

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

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.