Orla Mining (TSE:OLA) Insider Paul Mann Sells 15,864 Shares

Orla Mining Ltd. (TSE:OLA) insider Paul Mann sold 15,864 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the transaction, the insider directly owned 205,647 shares of the company’s stock, valued at approximately C$3,783,904.80. This trade represents a 7.16% decrease in their position.

Orla Mining Stock Performance

Orla Mining stock traded down C$0.09 during mid-day trading on Friday, hitting C$19.79. The company had a trading volume of 581,343 shares, compared to its average volume of 750,021. The company has a market capitalization of C$6.73 billion, a price-to-earnings ratio of 123.69 and a beta of 0.29. Orla Mining Ltd. has a 12-month low of C$7.87 and a 12-month high of C$20.58. The company’s fifty day moving average is C$17.88 and its 200-day moving average is C$15.95. The company has a current ratio of 4.54, a quick ratio of 1.22 and a debt-to-equity ratio of 12.68.

Orla Mining (TSE:OLA) last posted its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$382.88 million during the quarter. Orla Mining had a net margin of 3.15% and a return on equity of 2.24%. Equities research analysts predict that Orla Mining Ltd. will post 0.3352878 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on OLA shares. Royal Bank Of Canada boosted their price target on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. CIBC boosted their target price on Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$17.96.

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.