Insider Selling: 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 business’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 transaction of C$38,583.60. Following the transaction, the insider directly owned 1,915 shares in the company, valued at C$33,282.70. The trade was a 53.69% decrease in their ownership of the stock.

Orla Mining Stock Performance

Shares of OLA opened at C$17.21 on Friday. The company’s 50 day moving average price is C$20.30 and its 200 day moving average price is C$20.83. Orla Mining Ltd. has a 52 week low of C$12.67 and a 52 week high of C$29.99. The company has a market capitalization of C$5.95 billion, a PE ratio of 23.90 and a beta of 1.36. The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.22 and a current ratio of 1.06.

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

Orla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, May 26th. Orla Mining’s payout ratio is currently 2.08%.

Analysts Set New Price Targets

OLA has been the subject of several research reports. Stifel Nicolaus lifted their price target on Orla Mining from C$28.00 to C$35.00 in a report on Tuesday, February 10th. ATB Cormark Capital Markets upgraded shares of Orla Mining from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$25.00 to C$35.00 in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce increased their price target on shares of Orla Mining from C$27.00 to C$32.00 in a research note on Wednesday, February 4th. Desjardins set a C$35.00 price target on shares of Orla Mining and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, TD Securities upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Orla Mining presently has a consensus rating of “Buy” and an average price target of C$31.06.

About Orla Mining

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.