Orla Mining Ltd. (TSE:OLA) Senior Officer Sells C$158,511.00 in Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer John Andrew Cormier sold 30,000 shares of Orla Mining stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$5.28, for a total transaction of C$158,511.00.

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

• On Wednesday, June 12th, John Andrew Cormier sold 25,100 shares of Orla Mining stock. The shares were sold at an average price of C$5.52, for a total transaction of C$138,644.87.
• On Friday, May 31st, John Andrew Cormier sold 10,000 shares of Orla Mining stock. The shares were sold at an average price of C$5.85, for a total transaction of C$58,500.00.
• On Wednesday, May 29th, John Andrew Cormier sold 6,600 shares of Orla Mining stock. The shares were sold at an average price of C$5.75, for a total transaction of C$37,957.26.
• On Friday, May 24th, John Andrew Cormier sold 20,800 shares of Orla Mining stock. The shares were sold at an average price of C$5.64, for a total transaction of C$117,222.56.
• On Wednesday, May 22nd, John Andrew Cormier sold 10,600 shares of Orla Mining stock. The stock was sold at an average price of C$5.85, for a total transaction of C$62,010.00.
• On Friday, May 17th, John Andrew Cormier sold 35,000 shares of Orla Mining stock. The stock was sold at an average price of C$5.93, for a total transaction of C$207,438.00.
• On Wednesday, March 27th, John Andrew Cormier sold 5,531 shares of Orla Mining stock. The stock was sold at an average price of C$5.05, for a total transaction of C$27,931.55.

Orla Mining Price Performance

OLA stock opened at C$5.31 on Thursday. Orla Mining Ltd. has a 12 month low of C$3.53 and a 12 month high of C$6.52. The company has a current ratio of 5.68, a quick ratio of 1.22 and a debt-to-equity ratio of 21.76. The company has a 50-day moving average price of C$5.51 and a 200 day moving average price of C$4.92. The stock has a market cap of C$1.69 billion, a PE ratio of -44.25 and a beta of 1.59.

Orla Mining (TSE:OLA) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.01. The company had revenue of C$90.70 million during the quarter. Orla Mining had a negative net margin of 9.11% and a negative return on equity of 5.47%. Equities research analysts anticipate that Orla Mining Ltd. will post 0.2246178 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Scotiabank cut shares of Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price objective for the company. in a research note on Thursday, May 23rd. Stifel Nicolaus lifted their price objective on shares of Orla Mining from C$6.00 to C$6.25 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. TD Securities dropped their price objective on shares of Orla Mining from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, May 15th. Finally, Desjardins lifted their price objective on shares of Orla Mining from C$6.75 to C$7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$6.28.

Orla Mining Company Profile

Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.