Kintayl Capital LP Invests $7.82 Million in Orla Mining Ltd. $ORLA

Kintayl Capital LP bought a new stake in Orla Mining Ltd. (NYSEAMERICAN:ORLA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 798,999 shares of the company’s stock, valued at approximately $7,822,000. Orla Mining comprises about 3.1% of Kintayl Capital LP’s portfolio, making the stock its 6th biggest holding. Kintayl Capital LP owned 0.23% of Orla Mining as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in Orla Mining by 45.8% during the 1st quarter. Millennium Management LLC now owns 594,177 shares of the company’s stock worth $5,555,000 after purchasing an additional 186,714 shares in the last quarter. Goldman Sachs Group Inc. increased 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 acquiring an additional 131,577 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Orla Mining by 3.3% in the second quarter. Geode Capital Management LLC now owns 124,405 shares of the company’s stock worth $1,255,000 after acquiring an additional 3,948 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Orla Mining by 83,706.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 313,436 shares of the company’s stock valued at $3,141,000 after acquiring an additional 313,062 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings 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 valued at $301,000 after acquiring an additional 5,323 shares in the last quarter. Hedge funds and other institutional investors own 43.04% of the company’s stock.

Orla Mining Stock Performance

ORLA stock opened at $9.44 on Wednesday. The stock’s 50 day simple moving average is $9.54 and its 200 day simple moving average is $13.26. Orla Mining Ltd. has a 12-month low of $8.43 and a 12-month high of $21.98. The firm has a market cap of $3.27 billion, a P/E ratio of 13.88 and a beta of 0.28. The company has a current ratio of 1.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ORLA. TD Securities raised shares of Orla Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, May 20th. TD Cowen upgraded Orla Mining from a “hold” rating to a “buy” rating in a report on Wednesday, May 20th. Finally, Zacks Research lowered shares of Orla Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.