Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier Sells 10,600 Shares

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 10,600 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of C$5.85, for a total value of C$62,010.00.

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

• On Friday, May 17th, John Andrew Cormier sold 35,000 shares of Orla Mining stock. The shares were 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 Down 2.2 %

Shares of TSE OLA traded down C$0.13 during mid-day trading on Thursday, reaching C$5.66. 157,430 shares of the company’s stock were exchanged, compared to its average volume of 634,002. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of -47.50 and a beta of 1.59. The company has a current ratio of 5.68, a quick ratio of 1.22 and a debt-to-equity ratio of 21.76. The business has a fifty day simple moving average of C$5.33 and a 200 day simple moving average of C$4.72. Orla Mining Ltd. has a twelve month low of C$3.53 and a twelve month high of C$6.52.

Orla Mining (TSE:OLA) last posted its quarterly earnings data 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 business had revenue of C$85.70 million during the quarter. Orla Mining had a negative return on equity of 5.47% and a negative net margin of 9.11%. As a group, equities analysts expect that Orla Mining Ltd. will post 0.2189915 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Orla Mining from C$6.00 to C$6.25 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Desjardins increased their target price on Orla Mining from C$6.75 to C$7.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. TD Securities cut their target price on Orla Mining from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. Finally, 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 research note on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$6.44.

About Orla Mining

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.