Orla Mining (TSE:OLA) Insider Acquires C$20,171.60 in Stock

Orla Mining Ltd. (TSE:OLA) insider Paul Schmidt acquired 1,195 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of C$16.88 per share, with a total value of C$20,171.60. Following the completion of the transaction, the insider owned 19,296 shares in the company, valued at approximately C$325,716.48. This represents a 6.60% increase in their position.

Orla Mining Stock Down 2.2%

Shares of TSE OLA opened at C$16.54 on Friday. The stock has a market cap of C$5.72 billion, a PE ratio of 22.97 and a beta of 1.36. The company has a quick ratio of 1.22, a current ratio of 1.06 and a debt-to-equity ratio of 42.47. Orla Mining Ltd. has a 52-week low of C$12.67 and a 52-week high of C$29.99. The business has a 50-day moving average price of C$20.73 and a 200 day moving average price of C$20.69.

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

Orla Mining Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. Orla Mining’s dividend payout ratio is 2.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OLA. ATB Cormark Capital Markets raised Orla Mining from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$25.00 to C$35.00 in a research report on Monday, February 23rd. TD Securities raised Orla Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce upped their target price on Orla Mining from C$27.00 to C$32.00 in a research report on Wednesday, February 4th. Stifel Nicolaus upped their target price on Orla Mining from C$28.00 to C$35.00 in a research report on Tuesday, February 10th. Finally, Scotiabank upped their target price on Orla Mining from C$21.00 to C$26.50 in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Orla Mining presently has an average 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.