Cypress Capital Management LLC WY Boosts Stake in Orla Mining Ltd. $ORLA

Cypress Capital Management LLC WY lifted its holdings in shares of Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 10,902.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 113,880 shares of the company’s stock after acquiring an additional 112,845 shares during the quarter. Orla Mining accounts for about 1.0% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 29th biggest position. Cypress Capital Management LLC WY’s holdings in Orla Mining were worth $1,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Van ECK Associates Corp purchased a new position in Orla Mining in the second quarter valued at about $173,781,000. Millennium Management LLC increased its holdings in Orla Mining by 992.0% during the 3rd quarter. Millennium Management LLC now owns 9,066,678 shares of the company’s stock worth $97,814,000 after purchasing an additional 8,236,385 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Orla Mining in the 2nd quarter valued at approximately $74,238,000. Vanguard Group Inc. raised its position in shares of Orla Mining by 152.1% in the 4th 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 in the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Orla Mining during the 2nd quarter valued at approximately $46,581,000. 43.04% of the stock is owned by hedge funds and other institutional investors.

Orla Mining Stock Performance

ORLA stock opened at $9.44 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The firm 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 stock’s 50 day simple moving average is $9.43 and its 200 day simple moving average is $12.74.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ORLA shares. TD Cowen upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. TD Securities upgraded shares of Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, Zacks Research cut shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One research 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. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.