Olympiad Research LP Makes New $463,000 Investment in Orla Mining Ltd. $ORLA

Olympiad Research LP purchased a new stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,861 shares of the company’s stock, valued at approximately $463,000. Orla Mining comprises about 0.6% of Olympiad Research LP’s investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors have also bought and sold shares of ORLA. 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 purchasing an additional 186,714 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Orla Mining by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,061,455 shares of the company’s stock worth $9,925,000 after buying an additional 131,577 shares in the last quarter. XML Financial LLC boosted its stake in Orla Mining by 7.2% during the second quarter. XML Financial LLC now owns 24,550 shares of the company’s stock valued at $246,000 after buying an additional 1,650 shares during the last quarter. 111 Capital bought a new stake in Orla Mining in the second quarter worth $102,000. Finally, IFP Advisors Inc increased its stake in 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. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

Shares of NYSEAMERICAN:ORLA opened at $16.32 on Thursday. Orla Mining Ltd. has a 1 year low of $5.77 and a 1 year high of $17.23. The firm has a market capitalization of $5.55 billion, a PE ratio of 125.55 and a beta of 0.30. The business’s 50 day moving average price is $13.68 and its 200-day moving average price is $11.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 0.88.

Orla Mining Dividend Announcement

The business 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%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Scotiabank reiterated an “outperform” rating on shares of Orla Mining in a report on Thursday, October 23rd. National Bankshares started coverage on shares of Orla Mining in a research note on Monday, January 12th. They issued an “outperform” rating for the company. CIBC reiterated an “outperform” rating on shares of Orla Mining in a research note on Monday, October 20th. Royal Bank Of Canada restated an “outperform” rating on shares of Orla Mining in a research note on Tuesday, October 21st. Finally, Natl Bk Canada upgraded shares of Orla Mining to a “strong-buy” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Orla Mining has an average 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.