Orla Mining (TSE:OLA) Insider Sells C$38,583.60 in Stock

Orla Mining Ltd. (TSE:OLA) insider Ling Stephen sold 2,220 shares of the stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$17.38, for a total value of C$38,583.60. Following the transaction, the insider owned 1,915 shares in the company, valued at approximately C$33,282.70. This trade represents a 53.69% decrease in their position.

Orla Mining Stock Performance

OLA stock traded down C$0.16 during midday trading on Tuesday, hitting C$17.34. 727,628 shares of the company traded hands, compared to its average volume of 1,096,364. Orla Mining Ltd. has a twelve month low of C$12.67 and a twelve month high of C$29.99. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47. The business has a 50 day simple moving average of C$20.51 and a 200-day simple moving average of C$20.79. The stock has a market capitalization of C$6.00 billion, a price-to-earnings ratio of 24.08 and a beta of 1.36.

Orla Mining (TSE:OLA) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. Orla Mining had a return on equity of 41.46% and a net margin of 19.60%.The company had revenue of C$526.76 million for the quarter. As a group, equities research analysts predict that Orla Mining Ltd. will post 0.3352878 earnings per share for the current year.

Orla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be paid a $0.015 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.3%. Orla Mining’s dividend payout ratio (DPR) is presently 2.08%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets raised their target price on Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. Desjardins set a C$35.00 target price on Orla Mining and gave the stock a “buy” rating in a research report on Thursday, April 23rd. TD Securities raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Scotiabank raised their target price on Orla Mining from C$21.00 to C$26.50 in a research report on Monday, January 26th. Finally, Stifel Nicolaus raised their target price on Orla Mining from C$28.00 to C$35.00 in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, Orla Mining presently has an average rating of “Buy” and a consensus target price of C$31.06.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.