U S Global Investors Inc. Invests $3.97 Million in Orla Mining Ltd. $ORLA

U S Global Investors Inc. bought a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 246,374 shares of the company’s stock, valued at approximately $3,966,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Millennium Management LLC increased its position in Orla Mining by 45.8% during the first quarter. Millennium Management LLC now owns 594,177 shares of the company’s stock worth $5,555,000 after acquiring an additional 186,714 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Orla Mining by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,061,455 shares of the company’s stock valued at $9,925,000 after purchasing an additional 131,577 shares during the period. Geode Capital Management LLC boosted its holdings in Orla Mining by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,948 shares during the period. JPMorgan Chase & Co. grew its position in shares of Orla Mining by 83,706.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 313,436 shares of the company’s stock worth $3,141,000 after purchasing an additional 313,062 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Orla Mining by 21.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,058 shares of the company’s stock worth $301,000 after purchasing an additional 5,323 shares in the last quarter. 43.04% of the stock is currently owned by institutional investors and hedge funds.

Orla Mining Price Performance

ORLA stock traded up $0.01 during midday trading on Friday, reaching $9.76. The company had a trading volume of 2,826,770 shares, compared to its average volume of 3,057,692. Orla Mining Ltd. has a 1-year low of $9.15 and a 1-year high of $21.98. The stock has a 50 day moving average price of $11.57 and a 200-day moving average price of $14.61. 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 company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 14.35 and a beta of 0.28.

Orla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is currently -599.40%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, May 20th. Finally, Zacks Research downgraded 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 issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $27.00.

About Orla Mining

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.