Insider Selling: Orla Mining Ltd. (TSE:OLA) Senior Officer Sells 12,500 Shares of Stock

Orla Mining Ltd. (TSE:OLA) Senior Officer Andrew James Bradbury sold 12,500 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$5.90, for a total value of C$73,750.00.

Orla Mining Trading Down 1.7 %

Shares of OLA stock opened at C$5.64 on Tuesday. The stock has a market capitalization of C$1.80 billion, a P/E ratio of -112.80 and a beta of 1.59. Orla Mining Ltd. has a fifty-two week low of C$3.53 and a fifty-two week high of C$6.05. The company has a debt-to-equity ratio of 17.76, a quick ratio of 1.22 and a current ratio of 5.89. The company has a 50 day moving average price of C$5.40 and a 200 day moving average price of C$5.36.

Orla Mining (TSE:OLA) last posted its quarterly earnings data on Monday, August 12th. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.01). The company had revenue of C$115.71 million for the quarter. Orla Mining had a negative return on equity of 2.50% and a negative net margin of 4.12%. Equities research analysts predict that Orla Mining Ltd. will post 0.3050368 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OLA has been the subject of a number of analyst reports. CIBC upped their price objective on shares of Orla Mining from C$7.25 to C$7.50 in a report on Wednesday, July 10th. Scotiabank cut shares of Orla Mining from an “outperform” rating to a “sector perform” rating and set a C$5.75 price target for the company. in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Orla Mining has an average rating of “Moderate Buy” and a consensus price target of C$6.31.

About Orla Mining

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.