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

Orla Mining Ltd. (TSE:OLA) insider Paul Schmidt acquired 1,195 shares of Orla Mining stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of C$16.88 per share, for a total transaction of C$20,171.60. Following the transaction, the insider owned 19,296 shares of the company’s stock, valued at approximately C$325,716.48. The trade was a 6.60% increase in their ownership of the stock.

Orla Mining Price Performance

Shares of Orla Mining stock traded up C$0.31 on Wednesday, hitting C$16.99. 1,059,053 shares of the company traded hands, compared to its average volume of 1,100,057. The stock has a market capitalization of C$5.88 billion, a P/E ratio of 23.60 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 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 simple moving average of C$21.19 and a 200 day simple moving average of C$20.68.

Orla Mining (TSE:OLA) last released its quarterly earnings data 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 net margin of 19.60% and a return on equity of 41.46%. Research analysts expect that Orla Mining Ltd. will post 0.3352878 earnings per share for the current fiscal year.

Orla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.015 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. Orla Mining’s dividend payout ratio (DPR) is presently 2.08%.

Analyst Ratings Changes

A number of research firms recently issued reports on OLA. Scotiabank upped their price target on shares of Orla Mining from C$21.00 to C$26.50 in a research note on Monday, January 26th. Desjardins set a C$35.00 price target on shares of Orla Mining and gave the company a “buy” rating in a research note on Thursday, April 23rd. Stifel Nicolaus upped their price target on shares of Orla Mining from C$28.00 to C$35.00 in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce upped their price target on shares of Orla Mining from C$27.00 to C$32.00 in a research note on Wednesday, February 4th. Finally, BMO Capital Markets upped their price target on shares of Orla Mining from C$22.00 to C$30.00 in a research note on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company 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.