John Andrew Cormier Sells 35,000 Shares of Orla Mining Ltd. (TSE:OLA) Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 35,000 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$5.93, for a total value of C$207,438.00.

John Andrew Cormier also recently made the following trade(s):

• On Wednesday, March 27th, John Andrew Cormier sold 5,531 shares of Orla Mining stock. The stock was sold at an average price of C$5.05, for a total transaction of C$27,931.55.

Orla Mining Stock Performance

TSE OLA opened at C$5.79 on Thursday. The company has a fifty day moving average of C$5.33 and a two-hundred day moving average of C$4.72. The company has a debt-to-equity ratio of 21.76, a current ratio of 5.68 and a quick ratio of 1.22. Orla Mining Ltd. has a 1 year low of C$3.53 and a 1 year high of C$6.52. The company has a market capitalization of C$1.84 billion, a PE ratio of -48.25 and a beta of 1.59.

Orla Mining (TSE:OLA) last released its quarterly earnings results on Tuesday, March 19th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. The firm had revenue of C$85.70 million for the quarter. Orla Mining had a negative return on equity of 5.47% and a negative net margin of 9.11%. As a group, analysts expect that Orla Mining Ltd. will post 0.2189915 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OLA. TD Securities decreased their price target on shares of Orla Mining from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, May 15th. Desjardins lifted their price objective on shares of Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Scotiabank increased their target price on Orla Mining from C$6.75 to C$7.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Stifel Nicolaus lifted their price target on Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Orla Mining has a consensus rating of “Moderate Buy” and a consensus price target of C$6.44.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.