Insider Selling: Orla Mining Ltd. (TSE:OLA) Senior Officer Sells C$53,211.00 in Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 10,000 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$5.32, for a total value of C$53,211.00.

John Andrew Cormier also recently made the following trade(s):

• On Monday, June 17th, John Andrew Cormier sold 30,000 shares of Orla Mining stock. The stock was sold at an average price of C$5.28, for a total value of C$158,511.00.
• On Wednesday, June 12th, John Andrew Cormier sold 25,100 shares of Orla Mining stock. The shares were sold at an average price of C$5.52, for a total value of C$138,644.87.
• On Friday, May 31st, John Andrew Cormier sold 10,000 shares of Orla Mining stock. The stock was sold at an average price of C$5.85, for a total value of C$58,500.00.
• On Wednesday, May 29th, John Andrew Cormier sold 6,600 shares of Orla Mining stock. The stock was sold at an average price of C$5.75, for a total value of C$37,957.26.
• On Friday, May 24th, John Andrew Cormier sold 20,800 shares of Orla Mining stock. The stock was sold at an average price of C$5.64, for a total transaction of C$117,222.56.
• On Wednesday, May 22nd, John Andrew Cormier sold 10,600 shares of Orla Mining stock. The shares were sold at an average price of C$5.85, for a total transaction of C$62,010.00.
• On Friday, May 17th, John Andrew Cormier sold 35,000 shares of Orla Mining stock. The shares were sold at an average price of C$5.93, for a total transaction of C$207,438.00.
• On Wednesday, March 27th, John Andrew Cormier sold 5,531 shares of Orla Mining stock. The stock was sold at an average price of C$5.05, for a total transaction of C$27,931.55.

Orla Mining Stock Up 0.8 %

TSE OLA opened at C$5.37 on Thursday. Orla Mining Ltd. has a 1 year low of C$3.53 and a 1 year high of C$6.52. The stock has a market capitalization of C$1.71 billion, a PE ratio of -44.75 and a beta of 1.59. The company has a debt-to-equity ratio of 21.76, a current ratio of 5.68 and a quick ratio of 1.22. The business’s 50-day moving average is C$5.50 and its 200 day moving average is C$4.97.

Orla Mining (TSE:OLA) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.07 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.01. Orla Mining had a negative return on equity of 5.47% and a negative net margin of 9.11%. The business had revenue of C$90.70 million during the quarter. Sell-side analysts forecast that Orla Mining Ltd. will post 0.2246178 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OLA. Scotiabank cut Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price objective on the stock. in a research note on Thursday, May 23rd. Stifel Nicolaus raised their price target on Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Desjardins lifted their price target on Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, TD Securities lowered their price objective on Orla Mining from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$6.28.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.