Ling Stephen Sells 2,220 Shares of Orla Mining (TSE:OLA) Stock

Orla Mining Ltd. (TSE:OLA) insider Ling Stephen sold 2,220 shares of the stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$17.38, for a total transaction of C$38,583.60. Following the completion of the sale, the insider directly owned 1,915 shares in the company, valued at approximately C$33,282.70. This represents a 53.69% decrease in their position.

Orla Mining Trading Down 3.2%

Shares of OLA opened at C$16.79 on Thursday. Orla Mining Ltd. has a twelve month low of C$12.67 and a twelve month high of C$29.99. The company has a market cap of C$5.81 billion, a P/E ratio of 23.32 and a beta of 1.36. 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 company’s fifty day simple moving average is C$20.40 and its 200-day simple moving average is C$20.81.

Orla Mining (TSE:OLA) last announced its earnings results on Monday, May 11th. The company reported C$0.54 earnings per share 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 for the quarter. As a group, analysts expect that Orla Mining Ltd. will post 0.3352878 EPS for the current year.

Orla Mining Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OLA shares. Canadian Imperial Bank of Commerce increased their target price on shares of Orla Mining from C$27.00 to C$32.00 in a research note on Wednesday, February 4th. ATB Cormark Capital Markets raised shares of Orla Mining from a “hold” rating to a “moderate buy” rating and increased their target price for the company from C$25.00 to C$35.00 in a research note on Monday, February 23rd. Desjardins set a C$35.00 target price on shares of Orla Mining and gave the company a “buy” rating in a research note on Thursday, April 23rd. Stifel Nicolaus increased their target price on shares of Orla Mining from C$28.00 to C$35.00 in a research note on Tuesday, February 10th. Finally, TD Securities raised shares of Orla Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Orla Mining has an average rating of “Buy” and an average target price 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.