Orla Mining (TSE:OLA) Insider Ling Stephen Sells 2,220 Shares of Stock

Orla Mining Ltd. (TSE:OLA) insider Ling Stephen sold 2,220 shares of the firm’s 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 completion of the sale, the insider directly owned 1,915 shares in the company, valued at approximately C$33,282.70. The trade was a 53.69% decrease in their ownership of the stock.

Orla Mining Stock Performance

Shares of TSE:OLA opened at C$17.34 on Wednesday. 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 50 day moving average price is C$20.51 and its 200-day moving average price is C$20.79. The firm has a market capitalization of C$6.00 billion, a PE ratio of 24.08 and a beta of 1.36. Orla Mining Ltd. has a 1 year low of C$12.67 and a 1 year high of C$29.99.

Orla Mining (TSE:OLA) last issued its quarterly 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 for the quarter. Orla Mining had a return on equity of 41.46% and a net margin of 19.60%. As a group, equities research analysts expect that Orla Mining Ltd. will post 0.3352878 earnings per share for the current fiscal year.

Orla Mining Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OLA shares. Canadian Imperial Bank of Commerce boosted their price objective on Orla Mining from C$27.00 to C$32.00 in a report on Wednesday, February 4th. ATB Cormark Capital Markets upgraded Orla Mining from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$25.00 to C$35.00 in a report on Monday, February 23rd. Desjardins set a C$35.00 price objective on Orla Mining and gave the company a “buy” rating in a report on Thursday, April 23rd. TD Securities upgraded Orla Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Stifel Nicolaus boosted their price objective on Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the company 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.