Orla Mining (TSE:OLA) Insider Sells C$291,897.60 in Stock

Orla Mining Ltd. (TSE:OLA) insider Paul Mann sold 15,864 shares of Orla Mining stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of C$18.40, for a total transaction of C$291,897.60. Following the sale, the insider owned 205,647 shares in the company, valued at approximately C$3,783,904.80. This trade represents a 7.16% decrease in their ownership of the stock.

Orla Mining Stock Performance

TSE:OLA opened at C$20.49 on Tuesday. The firm has a market capitalization of C$6.96 billion, a PE ratio of 128.06 and a beta of 0.29. The company has a quick ratio of 1.22, a current ratio of 4.54 and a debt-to-equity ratio of 12.68. Orla Mining Ltd. has a 12-month low of C$7.87 and a 12-month high of C$20.75. The firm has a 50-day moving average price of C$18.00 and a 200 day moving average price of C$16.03.

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

Analyst Upgrades and Downgrades

OLA has been the topic of several analyst reports. CIBC upped their target price on shares of Orla Mining from C$25.00 to C$27.00 in a report on Monday, October 20th. Royal Bank Of Canada boosted their price target on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Orla Mining has a consensus rating of “Buy” and a consensus target price of C$17.96.

Orla Mining Company Profile

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.