Orla Mining (TSE:OLA) Insider Sells C$528,300.00 in Stock

Orla Mining Ltd. (TSE:OLA) insider John Andrew Cormier sold 30,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of C$17.61, for a total transaction of C$528,300.00.

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

• On Monday, November 24th, John Andrew Cormier sold 25,912 shares of Orla Mining stock. The stock was sold at an average price of C$17.42, for a total transaction of C$451,387.04.
• On Monday, November 24th, John Andrew Cormier sold 3,500 shares of Orla Mining stock. The shares were sold at an average price of C$17.40, for a total transaction of C$60,900.00.

Orla Mining Trading Up 0.8%

OLA stock traded up C$0.16 during mid-day trading on Friday, reaching C$19.55. The company had a trading volume of 7,501,037 shares, compared to its average volume of 947,299. The company has a market capitalization of C$6.64 billion, a PE ratio of 122.19 and a beta of 0.14. The firm has a 50 day moving average of C$16.87 and a 200 day moving average of C$15.52. Orla Mining Ltd. has a 12 month low of C$7.74 and a 12 month high of C$20.17. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22.

Orla Mining (TSE:OLA) last announced its quarterly earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$382.88 million during the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%. On average, equities analysts predict that Orla Mining Ltd. will post 0.3352878 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Orla Mining from C$26.00 to C$32.00 in a report on Wednesday, December 10th. CIBC increased their target price on shares of Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$17.96.

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.