Key Points
- Insider buying: Orla Mining insider Paul Schmidt purchased 1,195 shares on May 20 at an average price of C$16.88, increasing his ownership by 6.6% to 19,296 shares.
- Recent results and outlook: The company reported quarterly EPS of C$0.54 on revenue of C$526.76 million, and analysts currently expect full-year EPS of about 0.335.
- Analyst sentiment remains positive: Orla Mining has a consensus Buy rating with an average price target of C$31.06, while several firms recently raised their targets.
Orla Mining Ltd. (TSE:OLA - Get Free Report) insider Paul Schmidt bought 1,195 shares of the stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of C$16.88 per share, for a total transaction of C$20,171.60. Following the acquisition, the insider directly owned 19,296 shares in the company, valued at approximately C$325,716.48. This trade represents a 6.60% increase in their ownership of the stock.
Orla Mining Price Performance
Orla Mining stock opened at C$16.91 on Thursday. The firm has a market capitalization of C$5.85 billion, a P/E ratio of 23.49 and a beta of 1.36. Orla Mining Ltd. has a one year low of C$12.67 and a one year high of C$29.99. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.06 and a quick ratio of 1.22. The business has a fifty day moving average price of C$21.04 and a 200-day moving average price of C$20.70.
Orla Mining (TSE:OLA - Get Free Report) last released 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 return on equity of 41.46% and a net margin of 19.60%.The company had revenue of C$526.76 million for the quarter. As a group, equities research analysts forecast that Orla Mining Ltd. will post 0.3352878 EPS for the current year.
Orla Mining Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, June 9th will be given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, May 26th. Orla Mining's dividend payout ratio (DPR) is 2.08%.
Analyst Ratings Changes
A number of research analysts have recently commented on OLA shares. ATB Cormark Capital Markets upgraded shares of Orla Mining from a "hold" rating to a "moderate buy" rating and boosted their price target for the company from C$25.00 to C$35.00 in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce boosted their price objective on Orla Mining from C$27.00 to C$32.00 in a report on Wednesday, February 4th. Scotiabank upped their price objective on shares of Orla Mining from C$21.00 to C$26.50 in a research report on Monday, January 26th. National Bank Financial raised their target price on shares of Orla Mining from C$27.00 to C$29.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. Finally, BMO Capital Markets lifted their target price on shares of Orla Mining from C$22.00 to C$30.00 in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$31.06.
Get Our Latest Research Report on Orla Mining
Orla Mining Company Profile
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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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