Orla Mining (TSE:OLA) Insider Paul Schmidt Buys 1,195 Shares

Orla Mining Ltd. (TSE:OLA) insider Paul Schmidt purchased 1,195 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of C$16.88 per share, for a total transaction of C$20,171.60. Following the transaction, the insider owned 19,296 shares in the company, valued at C$325,716.48. This represents a 6.60% increase in their position.

Orla Mining Stock Up 1.4%

OLA opened at C$16.91 on Thursday. Orla Mining Ltd. has a fifty-two week low of C$12.67 and a fifty-two week high of C$29.99. The firm has a market capitalization of C$5.85 billion, a P/E ratio of 23.49 and a beta of 1.36. The company’s 50-day moving average is C$21.04 and its 200 day moving average is C$20.70. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22.

Orla Mining (TSE:OLA) last issued its quarterly earnings data on Monday, May 11th. The company reported C$0.54 earnings per share (EPS) for the quarter. Orla Mining had a net margin of 19.60% and a return on equity of 41.46%. The business had revenue of C$526.76 million during the quarter. Research analysts expect that Orla Mining Ltd. will post 0.3352878 earnings per share for the current fiscal year.

Orla Mining Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OLA shares. Stifel Nicolaus lifted their target price on Orla Mining from C$28.00 to C$35.00 in a research note on Tuesday, February 10th. Canadian Imperial Bank of Commerce increased their price target on shares of Orla Mining from C$27.00 to C$32.00 in a research report on Wednesday, February 4th. National Bank Financial lifted their price objective on shares of Orla Mining from C$27.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. TD Securities upgraded shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Scotiabank raised their price target on shares of Orla Mining from C$21.00 to C$26.50 in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$31.06.

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.