Amitell Capital Pte Ltd Raises Holdings in Orla Mining Ltd. $ORLA

Amitell Capital Pte Ltd increased its position in Orla Mining Ltd. (NYSEAMERICAN:ORLA) by 453.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 102,000 shares of the company’s stock after purchasing an additional 83,580 shares during the period. Amitell Capital Pte Ltd’s holdings in Orla Mining were worth $1,102,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its stake in Orla Mining by 50.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,368 shares of the company’s stock worth $53,000 after buying an additional 1,789 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Orla Mining in the third quarter valued at approximately $58,000. Osaic Holdings Inc. grew its position in shares of Orla Mining by 82.2% during the second quarter. Osaic Holdings Inc. now owns 10,161 shares of the company’s stock worth $102,000 after acquiring an additional 4,584 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Orla Mining in the 2nd quarter valued at $108,000. Finally, State of Wyoming acquired a new position in shares of Orla Mining in the 2nd quarter valued at $109,000. 43.04% of the stock is owned by institutional investors and hedge funds.

Orla Mining Price Performance

Shares of NYSEAMERICAN:ORLA opened at $19.94 on Thursday. Orla Mining Ltd. has a 52 week low of $6.75 and a 52 week high of $20.38. The company has a 50-day moving average price of $15.91 and a 200 day moving average price of $12.99. The company has a market cap of $6.87 billion, a P/E ratio of 153.40 and a beta of 0.30. The company has a quick ratio of 0.88, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

Orla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, January 12th were paid a $0.015 dividend. The ex-dividend date was Monday, January 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.3%. Orla Mining’s payout ratio is -599.40%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. National Bank Financial began coverage on shares of Orla Mining in a research note on Monday, January 12th. They set an “outperform” rating for the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Orla Mining in a report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Orla Mining in a research note on Wednesday, February 4th. Zacks Research raised Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, ATB Cormark Capital Markets raised Orla Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.