Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier Sells 20,800 Shares

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 20,800 shares of Orla Mining stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$5.64, for a total transaction of C$117,222.56.

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

• On Wednesday, May 22nd, John Andrew Cormier sold 10,600 shares of Orla Mining stock. The shares were sold at an average price of C$5.85, for a total value of C$62,010.00.
• On Friday, May 17th, John Andrew Cormier sold 35,000 shares of Orla Mining stock. The stock was sold at an average price of C$5.93, for a total value of C$207,438.00.
• On Wednesday, March 27th, John Andrew Cormier sold 5,531 shares of Orla Mining stock. The shares were sold at an average price of C$5.05, for a total value of C$27,931.55.

Orla Mining Stock Up 2.9 %

OLA opened at C$5.67 on Friday. The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of -47.25 and a beta of 1.59. The firm has a 50 day moving average price of C$5.36 and a 200-day moving average price of C$4.73. Orla Mining Ltd. has a twelve month low of C$3.53 and a twelve month high of C$6.52. The company has a quick ratio of 1.22, a current ratio of 5.68 and a debt-to-equity ratio of 21.76.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on OLA shares. Scotiabank cut shares of Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price target on the stock. in a research note on Thursday. Desjardins upped their target price on shares of Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. TD Securities reduced 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 report on Wednesday, May 15th. Finally, Stifel Nicolaus upped their price objective on Orla Mining from C$6.00 to C$6.25 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$6.28.

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.