Insider Selling: Orla Mining Ltd. (TSE:OLA) Director Sells 65,000 Shares of Stock

Orla Mining Ltd. (TSE:OLA) Director Timothy Quentin Haldane sold 65,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$5.97, for a total transaction of C$387,972.00.

Timothy Quentin Haldane also recently made the following trade(s):

• On Wednesday, March 27th, Timothy Quentin Haldane sold 25,000 shares of Orla Mining stock. The shares were sold at an average price of C$4.97, for a total transaction of C$124,362.50.

Orla Mining Stock Performance

TSE:OLA opened at C$5.51 on Friday. The company has a debt-to-equity ratio of 21.76, a current ratio of 5.68 and a quick ratio of 1.22. The firm has a 50-day moving average of C$5.34 and a two-hundred day moving average of C$4.72. The stock has a market cap of C$1.75 billion, a P/E ratio of -45.92 and a beta of 1.59. Orla Mining Ltd. has a 1-year low of C$3.53 and a 1-year 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 for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. The company 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%. On average, research analysts expect that Orla Mining Ltd. will post 0.2189915 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have 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 objective for the company. in a research note on Thursday. 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 report on Wednesday, May 15th. Stifel Nicolaus upped their price target on shares of Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Desjardins upped their price target 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Orla Mining currently has an average rating of “Moderate Buy” and an average target price 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.