Insider Selling: Orla Mining Ltd. (TSE:OLA) Senior Officer Sells C$207,438.00 in Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 35,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$5.93, for a total transaction of C$207,438.00.

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

• On Wednesday, May 22nd, John Andrew Cormier sold 10,600 shares of Orla Mining stock. The stock was sold at an average price of C$5.85, for a total transaction of C$62,010.00.
• 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 Price Performance

Orla Mining stock opened at C$5.51 on Friday. Orla Mining Ltd. has a 12-month low of C$3.53 and a 12-month high of C$6.52. The stock has a market cap of C$1.75 billion, a P/E ratio of -45.92 and a beta of 1.59. The company has a 50-day moving average price of C$5.34 and a 200 day moving average price of C$4.72. The company has a current ratio of 5.68, a quick ratio of 1.22 and a debt-to-equity ratio of 21.76.

Orla Mining (TSE:OLA) last released its quarterly earnings data on Tuesday, March 19th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.05 by C$0.02. Orla Mining had a negative net margin of 9.11% and a negative return on equity of 5.47%. The firm had revenue of C$85.70 million during the quarter. Sell-side analysts anticipate that Orla Mining Ltd. will post 0.2189915 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on OLA. TD Securities reduced their target price on shares of 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. Desjardins increased their target price on shares of Orla Mining from C$6.75 to C$7.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Scotiabank cut shares of Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 target price for the company. in a research report on Thursday. Finally, Stifel Nicolaus increased their target price on shares of Orla Mining from C$6.00 to C$6.25 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.28.

About Orla Mining

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.