Insider Buying: Orla Mining (TSE:OLA) Insider Purchases 1,195 Shares of Stock

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

Orla Mining Trading Up 1.9%

Shares of OLA traded up C$0.31 during trading hours on Wednesday, reaching C$16.99. 1,059,053 shares of the company traded hands, compared to its average volume of 1,100,057. The firm has a market cap of C$5.88 billion, a price-to-earnings ratio of 23.60 and a beta of 1.36. Orla Mining Ltd. has a 12-month low of C$12.67 and a 12-month high of C$29.99. The company has a current ratio of 1.06, a quick ratio of 1.22 and a debt-to-equity ratio of 42.47. The stock’s fifty day moving average price is C$21.19 and its 200 day moving average price is C$20.68.

Orla Mining (TSE:OLA) last issued its earnings results 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 during the quarter. Orla Mining had a net margin of 19.60% and a return on equity of 41.46%. Sell-side analysts forecast that Orla Mining Ltd. will post 0.3352878 earnings per share for the current year.

Orla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, May 26th. Orla Mining’s dividend payout ratio (DPR) is currently 2.08%.

Wall Street Analysts Forecast Growth

OLA has been the subject of several research analyst reports. TD Securities decreased their price objective on shares of Orla Mining from C$28.00 to C$25.00 in a research report on Thursday, January 22nd. BMO Capital Markets increased their price objective on shares of Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce increased their price objective on shares of Orla Mining from C$27.00 to C$32.00 in a research report on Wednesday, February 4th. Stifel Nicolaus increased their price objective on shares of Orla Mining from C$28.00 to C$35.00 in a research report on Tuesday, February 10th. Finally, ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$25.00 to C$35.00 in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.