Kintayl Capital LP Buys Shares of 798,999 Orla Mining Ltd. $ORLA

Kintayl Capital LP purchased a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 798,999 shares of the company’s stock, valued at approximately $7,822,000. Orla Mining accounts for approximately 3.1% of Kintayl Capital LP’s portfolio, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Orla Mining in the fourth quarter valued at approximately $29,000. CIBC Private Wealth Group LLC acquired a new position in shares of Orla Mining during the third quarter worth approximately $27,000. Optiver Holding B.V. acquired a new position in shares of Orla Mining during the first quarter worth approximately $40,000. Ancora Advisors LLC bought a new position in Orla Mining in the 2nd quarter worth approximately $31,000. Finally, SBI Securities Co. Ltd. increased its position in 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. 43.04% of the stock is owned by institutional investors and hedge funds.

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA opened at $9.44 on Wednesday. The company’s fifty day moving average is $9.54 and its two-hundred day moving average is $13.26. The company has a market cap of $3.27 billion, a P/E ratio of 13.88 and a beta of 0.28. Orla Mining Ltd. has a 12-month low of $8.43 and a 12-month high of $21.98. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORLA. TD Securities raised Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, Zacks Research lowered shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $27.00.

Orla Mining 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.