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

Goehring & Rozencwajg Associates LLC reduced its stake in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 777,949 shares of the company’s stock after selling 404,755 shares during the quarter. Goehring & Rozencwajg Associates LLC owned 0.23% of Orla Mining worth $10,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORLA. Millennium Management LLC grew its position in Orla Mining by 992.0% during the third quarter. Millennium Management LLC now owns 9,066,678 shares of the company’s stock worth $97,814,000 after buying an additional 8,236,385 shares during the period. Vanguard Group Inc. grew its position in shares of Orla Mining by 152.1% in the fourth quarter. Vanguard Group Inc. now owns 8,202,861 shares of the company’s stock valued at $110,320,000 after purchasing an additional 4,948,805 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in shares of Orla Mining by 25,866.2% in the third quarter. Jupiter Asset Management Ltd. now owns 2,791,369 shares of the company’s stock valued at $30,112,000 after purchasing an additional 2,780,619 shares during the last quarter. Norges Bank acquired a new stake in shares of Orla Mining in the fourth quarter valued at approximately $34,756,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Orla Mining by 41.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,251,539 shares of the company’s stock valued at $78,194,000 after purchasing an additional 2,111,765 shares during the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Stock Up 2.8%

ORLA stock opened at $10.65 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.88. The firm has a market capitalization of $3.68 billion, a PE ratio of 15.66 and a beta of 0.21. The company’s 50 day simple moving average is $13.98 and its 200-day simple moving average is $15.06. Orla Mining Ltd. has a 12 month low of $9.16 and a 12 month high of $21.98.

Orla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.6%. Orla Mining’s dividend payout ratio is presently -599.40%.

Wall Street Analyst Weigh In

ORLA has been the topic of several research reports. Zacks Research upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. TD Securities upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 23rd. Finally, TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Orla Mining has a consensus rating of “Buy” and an average price target 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.