Key Points
- Insider sale: Paul Mann sold 15,864 shares on Dec. 16 at C$18.40 for C$291,897.60, cutting his ownership by 7.16% to 205,647 shares now worth about C$3.78M.
- Analyst outlook: Broker targets were raised (RBC to C$32, CIBC to C$27) and MarketBeat shows a consensus Buy with an average target of C$17.96.
Orla Mining Ltd. (TSE:OLA - Get Free Report) insider Paul Mann sold 15,864 shares of the company's 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 transaction, the insider owned 205,647 shares in the company, valued at C$3,783,904.80. The trade was a 7.16% decrease in their ownership of the stock.
Orla Mining Stock Performance
Orla Mining stock opened at C$19.79 on Friday. The company has a debt-to-equity ratio of 12.68, a current ratio of 4.54 and a quick ratio of 1.22. The firm has a market capitalization of C$6.73 billion, a P/E ratio of 123.69 and a beta of 0.29. Orla Mining Ltd. has a 1-year low of C$7.87 and a 1-year high of C$20.58. The company's 50-day moving average is C$17.88 and its 200 day moving average is C$15.96.
Orla Mining (TSE:OLA - Get Free Report) last announced its earnings results on Tuesday, November 11th. The company reported C$0.22 earnings per share (EPS) for the quarter. Orla Mining had a return on equity of 2.24% and a net margin of 3.15%.The business had revenue of C$382.88 million during the quarter. Research analysts forecast that Orla Mining Ltd. will post 0.3352878 EPS for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on OLA. CIBC increased their price objective on Orla Mining from C$25.00 to C$27.00 in a research note on Monday, October 20th. Royal Bank Of Canada lifted their price objective on shares of Orla Mining from C$26.00 to C$32.00 in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Orla Mining currently has a consensus rating of "Buy" and an average target price of C$17.96.
Get Our Latest Stock Analysis on Orla Mining
Orla Mining Company Profile
(
Get Free Report)
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.
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