Y Intercept Hong Kong Ltd Purchases Shares of 74,737 Orla Mining Ltd. $ORLA

Y Intercept Hong Kong Ltd acquired a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 74,737 shares of the company’s stock, valued at approximately $807,000.

Several other large investors have also recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Orla Mining by 45.8% during the 1st quarter. Millennium Management LLC now owns 594,177 shares of the company’s stock valued at $5,555,000 after acquiring an additional 186,714 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Orla Mining by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,061,455 shares of the company’s stock valued at $9,925,000 after buying an additional 131,577 shares in the last quarter. 111 Capital acquired a new position in Orla Mining during the 2nd quarter valued at about $102,000. IFP Advisors Inc raised its position in shares of Orla Mining by 191.6% during the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the company’s stock worth $40,000 after buying an additional 2,616 shares in the last quarter. Finally, Louisbourg Investments Inc. bought a new stake in shares of Orla Mining during the 2nd quarter worth about $2,957,000. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Performance

Shares of ORLA stock opened at $14.87 on Tuesday. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 114.39 and a beta of 0.30. Orla Mining Ltd. has a 1-year low of $6.02 and a 1-year high of $20.05. 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 stock’s fifty day simple moving average is $14.53 and its 200-day simple moving average is $12.19.

Orla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Monday, January 12th will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, January 12th. Orla Mining’s payout ratio is currently -599.40%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORLA. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a research note on Monday, January 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Orla Mining in a research report on Tuesday, October 21st. BMO Capital Markets restated an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. CIBC reaffirmed an “outperform” rating on shares of Orla Mining in a research note on Monday, October 20th. Finally, Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $27.00.

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.