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 firm’s stock in a transaction 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 completion of the sale, the insider owned 1,915 shares of the company’s stock, valued at approximately C$33,282.70. This trade represents a 53.69% decrease in their ownership of the stock.

Orla Mining Price Performance

Shares of TSE:OLA traded down C$0.16 during midday trading on Tuesday, reaching C$17.34. The company’s stock had a trading volume of 727,628 shares, compared to its average volume of 1,096,364. Orla Mining Ltd. has a fifty-two week low of C$12.67 and a fifty-two week high of C$29.99. The company has a market capitalization of C$6.00 billion, a P/E ratio of 24.08 and a beta of 1.36. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22. The business’s fifty day simple moving average is C$20.51 and its 200-day simple moving average is C$20.79.

Orla Mining (TSE:OLA) last announced its earnings results on Monday, May 11th. The company reported C$0.54 earnings per share 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 during the quarter. As a group, equities research analysts expect that Orla Mining Ltd. will post 0.3352878 EPS for the current fiscal year.

Orla Mining Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Canadian Imperial Bank of Commerce lifted their price objective on Orla Mining from C$27.00 to C$32.00 in a research report on Wednesday, February 4th. TD Securities upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$25.00 to C$35.00 in a research report on Monday, February 23rd. BMO Capital Markets boosted their target price on Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. Finally, Scotiabank boosted their target price on Orla Mining from C$21.00 to C$26.50 in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, Orla Mining currently has a consensus rating of “Buy” and an average price target 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.