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

Y Intercept Hong Kong Ltd bought a new position in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 98,177 shares of the company’s stock, valued at approximately $1,584,000.

Several other hedge funds have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Orla Mining during the fourth quarter worth approximately $29,000. CIBC Private Wealth Group LLC purchased a new position in shares of Orla Mining in the 3rd quarter valued at $27,000. SBI Securities Co. Ltd. raised its stake 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 acquiring an additional 1,889 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Orla Mining by 197.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,313 shares of the company’s stock valued at $71,000 after acquiring an additional 3,524 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Orla Mining by 82.2% during 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 in the last quarter. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Wall Street Analyst Weigh In

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

Orla Mining Price Performance

Shares of NYSEAMERICAN ORLA opened at $9.75 on Friday. Orla Mining Ltd. has a fifty-two week low of $9.15 and a fifty-two week high of $21.98. The business has a 50 day moving average price of $11.63 and a two-hundred day moving average price of $14.64. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The firm has a market cap of $3.37 billion, a PE ratio of 14.34 and a beta of 0.28.

Orla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. Orla Mining’s dividend payout ratio (DPR) is presently -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.